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):

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 Newtons common stock. At the time of the transaction, Campbells 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, Newtons equipment was actually worth $1,450 but its buildings were only valued at $590.

What total amount of additional paid-in capital will Campbell recognize from this acquisition?

Multiple Choice

$1,020.

$1,050.

$1,080.

$1,105.

$1,400.