The following are selected account balances from Penske Company and Stanza Corporation as of December 31, 2021: 3 $ Stanza $ (792,000) 198,000 318,000 Revenues Cost of goods sold Depreciation expense Investment income Dividends declared Retained earnings, 1/1/21 Current assets Copyrights Royalty agreements Investment in Stanza Liabilities Common Stock Additional paid-in capital Penske (746,000) 266,100 201,000 Not given 80,000 (670,000) 434,000 984,000 688,000 Not given (546,000) (600,000) ($20 par) (150.000) 60,000 (214,000) 560,000 537,500 1,130,000 01:21:17 (1,517,5ee (200,000) ($10 par) (80,000) Note: Parentheses indicate a credit balance, On January 1, 2021. Penske acquired all of Stanza's outstanding stock for $780,000 fair value in cash and common stock. Pens also paid $10,000 in stock issuance costs. At the date of acquisition copyrights with a six-year remaining life) have a $592,000 The following are selected account balances from Penske Company and Stanza Corporation as of December 31, 2021: 3 $ Stanza $ (792,000) 198,000 318,000 Revenues Cost of goods sold Depreciation expense Investment income Dividends declared Retained earnings, 1/1/21 Current assets Copyrights Royalty agreements Investment in Stanza Liabilities Common Stock Additional paid-in capital Penske (746,000) 266,100 201,000 Not given 80,000 (670,000) 434,000 984,000 688,000 Not given (546,000) (600,000) ($20 par) (150.000) 60,000 (214,000) 560,000 537,500 1,130,000 01:21:17 (1,517,5ee (200,000) ($10 par) (80,000) Note: Parentheses indicate a credit balance, On January 1, 2021. Penske acquired all of Stanza's outstanding stock for $780,000 fair value in cash and common stock. Pens also paid $10,000 in stock issuance costs. At the date of acquisition copyrights with a six-year remaining life) have a $592,000