Use the following information to answer questions 13-14 (Algo) [The following information applies to the questions displayed below.] On May 1, Donovan Company reported the following account balances: Current assets Buildings & equipment (net) Total assets Liabilities Common stock Retained earnings Total liabilities and equities . $ 124,500 238,500 $363,000 $ On May 1, Beasley paid $430,300 in stock (fair value) for all of the assets and liabilities of Donovan, which will cease to exist as a separate entity. In connection with the merger, Beasley incurred $21,000 in accounts payable for legal and accounting fees. 98,500 150,000 114,500 $363,000 Beasley also agreed to pay $80,200 to the former owners Donovan contingent on meeting certain revenue goals during the following year. Beasley estimated the present value of its probability adjusted expected payment for the contingency at $20,500. In determining its offer, Beasley noted the following: Problem 2-14 (Algo) (LO 2-5, 2-8) Donovan holds a building with a fair value $36,700 more than its book value. Donovan has developed unpatented technology appraised at $29,300, although is it not recorded in its financial records. . Donovan has a research and development activity in process with an appraised fair value of $46,100. The project has not yet reached technological feasibility. . Book values for Donovan's current assets and liabilities approximate fair values. How much should Beasley record as total assets acquired in the Donovan merger?

Use the following information to answer questions 13-14 (Algo) [The following information applies to the questions displatyed below] On May 1, Donovan Company reported the following account balances On May 1, Beasley paid $430,300 in stock (fair value) for all of the assets and liabilities of Donovan, which will cease to exist as a separate entity in connection with the merper, Beasley incurred $21,000 in accounts payable for legal and accounting fees Deaslicy also agreed to pay $80,200 to the former owners Dr Donovan contingent on meeting certain rovenue goals during the following year Beasley estimated the present value of its probability adjusted expected payment for the consingency at $20,500 in determining its offer, flessley noted the following. - Donovan holds a building with a fair value $36,700 more than its book value. - Donovan has developed unpatented technology appraised at $29,300, although is if not recorded in is financial records - Donovan has a research and development activity in process with an appraised fair value of $46,100 The project has not yet reached iechnological feasbility - Book values for Donovan's current assets and labilises approvimate fair values. Problem 2-14 (Algo) (LO 2-5, 2-8) How much should Beasiey record as total assets acquired in the Donovan merger