which will cease to exist as a sepante entity, In connection with the acquisition, Priocelan paid 315. i00 in legal rees. Princeton also agreed to pay $55.600 to the former ownsns of Strecter contingent on meeting certadin revenue goals during 2022. Princeton estimated the pessent value or its probabitity adjusted expecied payment for the contingency at \$12,900. In determiniag its otter. Primeton noted the rollowing pertaining to Streeter: ; It holds a building with a fair value $43,100 more (han its book value. (under Builoting) - It has developed a customker list appraised at $25,200 ) although it is pot recorded in its financial records. (under) - It has research and development activity in process with an appraised fair yalie ol 836.400 . However, the project has not yer reached technological feasibilty, and fie assets tsed in the activity have no alternative future use. (onder) - Book values for the receiyables, inventory, equipment, and tiabilities approximate fair values. Prepare Princeton's accounting enthes to record the combination with Streeter