The financial statements for Campbell, Inc., and Newton Company for the year ended December 31, 2021, prior to the business combination whereby Campbell acquired Newton, are as follows (in thousands): Revenues Expenses Campbell $2,600 Newton $ 700 Net income Retained earnings, 1/1 Net income Dividends Retained earning, 12/31 Cash Receivables and inventory 1,880 $ 720 $2,400 720 (270) $2,850 400 $ 300 $ 500 300 0 $ 800 $ 240 $ 230 1,200 360 Buildings (net) 2,700 650 Equipment (net) Total assets 2,100 1,300 $6,240 $2,540 Liabilities $1,500 $ 720 Common stock Additional paid-in capital Retained earnings Total liabilities & stockholders' equity 1,080 810 2,850 $6,240 400 620 800 $2,540 On December 31, 2021, Campbell obtained a loan for $650 and used the proceeds, along with the transfer of 35 shares of its $10 par value common stock, in exchange for all of Newton's common stock. At the time of the transaction, Campbell's common stock had a fair value of $40 per share. In connection with the business combination, Campbell paid $25 to a broker for arranging the transaction and $30 In stock Issuance costs. At the time of the transaction, Newton's equipment was actually worth $1,450 but its buildings were only valued at $590. Compute the consolidated revenues for 2021. Multiple Choice $2,600. $3,300. $700. $300. $720. < Prev 14 of 20 Next >