The financial balonces for the Atwood Company and the Franz Company as of December 31, 2013. are presented below. Also included are the fair values for Franz Company's net assets Atwood Franz Co. Franz Co. (all numbers are in thousands) Book Value Book Value Fair Value 12/31/2013 12/31/2013 12/31/2013 $ 240 $ 240 $ 870 650 1.230 1.800 1,800 260 SO Cash Receivables Inventory Land Buildings (net) Equipment (net) Accounts payable Accrued expenses Long-term libilities Common stock (S20 par) Commen stock (S5 pur) Additional paid in capital Retained earnings Revenues Expenses (570) (270) (2,700) (1,980) 380 (240) ( 60) (1,020) (240) ( 60) (1.120) (210) (1,170) (2,880) 2.760 (420) ( 180) (480) (660) Note: Parenthesis indicate a credit balance Assume an acquisition business combination took place at December 31, 2013 Arwood issued 50 shares of its common stock with a four value of $35 per share for all of the outstanding common shares of Frant Stockissance costs of $15 in thousands) and direct costs of $10 on thousands were paid Compute consolidated goodwill at the date of the acquisition $360 5450 5460 $440 O $475