The following balance sheets were prepared for Pam Corporation and Slest Company on January 1, 20x2, just before they entered into a business combination: Pam Corporation Slest Company Item Book Value Fair Value Book Value Fair Value Cash & Receivables $150,000 $150,000 $ 90,000 $ 90,000 Inventory 300,000 380,000 70,000 160,000 Buildings & Equipment 600,000 430,000 250,000 240,000 Less: Accumulated Depreciation (250,000) (80,000) Total Assets $800,000 $960,000 $330,000 $490,000 Accounts Payable $ 75,000 $ 75,000 $ 50,000 $ 50,000 Notes Payable 200,000 215,000 30,000 35,000 Common Stock: $8 par value 180,000 $6 par value 90,000 Additional Paid-In Capital 140,000 55,000 ayable $ 75,000 $ 75,000 $ 50,000 $ 50,000 Notes Payable 200,000 215,000 30,000 35,000 Common Stock: $8 par value 180,000 $6 par value 90,000 Additional Paid-In Capital 140,000 55,000 Retained Earnings 205,000 105,000 Total Liabilities & Equities $800,000 $330,000 Pam acquired all of Slest Company's assets and liabilities on January 1, 20X2, in exchange for its common shares. Pam issued 8,000 shares of stock to complete the business combination. Required Prepare a balance sheet of the combined company immediately following the acquisition, assuming Pam's shares were trading at $60 each. For the toolbar.press ALT+F10 (PC) or ALT+FN+F10 (Mac)