The following balance sheets were reported on January 1, 2019, for Preisten Company and Sony Company: Cash Good will Equipment Accumulated Depreciation Inventory Account Receivable 320,000 Allowance for adoubtfull account 85,000 Short term investment 70,000 Franchise 120,000 Account Payable Bond Payable Preisten $ 150,000 150,000 1,320,000 270,000 450,000 Common stock, $20 par value Other contributed capital Retained earnings $ 130,000 450,000 600,000 375,000 495,000 Sony $ 90,000 100,000 770,000 85,000 170,000 250,000 45,000 80,000 100,000 $ 130,000 350,000 300,000 105,000 195,000 Required: Appraisals () reveal that the inventory has a fair value $150,000, and Sony has a patent right with a fair value $170,000, and has an ongoing R&D of $951000, unearned rent revenue of $130,000, and prepaid insurance expense of $160,000. Assuming that Preisten Company wishes to acquire Sony in a net asset acquisition, prepare the journal entries assuming that Presten paid the following amounts: A. Presten paid $500,000 cash and issued 20,000 share of $10 par value common stock for $20 per share. B. Presten paid $1,030,000 cash. C. The Presten issued 100,000 share of $3 par value common stock for $12 per share. D. The Presten paid $200,000 cash and issued 80,000 share of $2 par value common stock for $7 per share and issued $220,000, 8%, bond for $350,000.