(To record assets and liabilities acquired) (10 record the direct acquisition costs) On the date of consolidation, the fair values of Crane's current assets and liabilities were equal to their book values. The fair value of plant and equipment was, however, $332,000. Novak will incur $46,000 of direct acquisition costs and $13,800 in stock issue costs. Prepare the journal entries on the books of Novak to record the acquisition of Crane Company's net assets. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.) (To record assets and liabilities acquired) osts) (To record the stock issue costs). (To record assets and liabilities acquired) (10 record the direct acquisition costs) On the date of consolidation, the fair values of Crane's current assets and liabilities were equal to their book values. The fair value of plant and equipment was, however, $332,000. Novak will incur $46,000 of direct acquisition costs and $13,800 in stock issue costs. Prepare the journal entries on the books of Novak to record the acquisition of Crane Company's net assets. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.) (To record assets and liabilities acquired) osts) (To record the stock issue costs)