why we didn't put the market value of bond payable 105 000 insted of 100 000 in the journal entry ? and why we put the bond premium 5 000 instead of 10 000 ?? can you explain that for me please

Answer 1 of 1 \begin{tabular}{|c|c|c|c|} \hline \multirow[t]{3}{*}{ Date } & Partieulars & Debit & Crodit \\ \hline & \begin{tabular}{l} Merger Expenses \\ Defened stoct Issue eosts \\ To eash \\ (To recoud businen combination) \end{tabular} & & 83000 \\ \hline & & \begin{tabular}{l} 70,000 \\ 110,000 \\ 200,000 \\ 100,000 \\ 350,000 \\ 30,000 \end{tabular} & \begin{tabular}{l} 195000 \\ 100,000 \\ 5000 \\ 320,000 \\ 211000 \\ 29000 \end{tabular} \\ \hline \multirow{2}{*}{ less: } & & \multirow[t]{2}{*}{\begin{tabular}{l} 830,000 \\ (300,000) \end{tabular}} & \multirow{2}{*}{\begin{tabular}{l} 560000 \\ (530,000) \\ 30,000 \end{tabular}} \\ \hline & \begin{tabular}{l} Fair value of hiabilitier anumed. \\ Fair value of net anct aequived \\ Goodwill \end{tabular} & & \\ \hline & & & \\ \hline \end{tabular} 1-22 Recording a Business Combination The following financial statement information was prepared for Blue Corporation and Sparse Company at December 31, 20X2: Blue and Sparse agreed to combine as of January 1, 20X3. To effect the merger, Blue paid finder's fees of $30,000 and legal fees of $24,000. Blue also paid $15,000 of audit fees related to the issuance of stock, stock registration fees of $8,000, and stock listing application fees of $6,000. Chapter 1 Intercorporate Acquisitions and Investments in Other Entities 37 At January 1, 20X3, book values of Sparse Company's assets and liabilities approximated market value except for inventory with a market value of $200,000, buildings and equipment with a market value of $350,000, and bonds payable with a market value of $105,000. All assets and liabilities were immediately recorded on Blue's books. Required Give all journal entries that Blue recorded assuming Blue issued 40,000 shares of $8 par value common stock to acquire all of Sparse's assets and liabilities in a business combination. Blue common stock was trading at $14 per share on January 1,20X3