$$20$ market value, $$5$ par value$$130,000$ cash $if$ Seguros meets certain project completion goals $by$ December $31of$ the following year. Pacifica estimates $a50$ percent probability that Seguros will $be$ successful $in$ meeting these goals and uses $a4$ percent discount rate $to$ represent the time value $of$ money.

Immediately prior $to$ the acquisition, the following data for both firms were available:

$\begin{array}{cc}?& \text{P}\text{a}\text{c}\text{i}\text{f}\text{i}\text{c}\text{a}\\ \text{S}\text{e}\text{g}\text{u}\text{r}\text{o}\text{s}\text{B}\text{o}\text{o}\text{k}\text{V}\text{a}\text{l}\text{u}\text{e}\text{s}& \text{S}\text{e}\text{g}\text{u}\text{r}\text{o}\text{s}\text{F}\text{a}\text{i}\text{r}\text{V}\text{a}\text{l}\text{u}\text{e}\text{s}\\ ?& ?\\ ?& ?\\ ?& ?\\ \text{R}\text{e}\text{v}\text{e}\text{n}\text{u}\text{e}\text{s}& \text{\$}(1,480,000)\\ ?& ?\\ ?& ?\\ ?& ?\\ ?& ?\\ \text{E}\text{x}\text{p}\text{e}\text{n}\text{s}\text{e}\text{s}& 1\\ 036& 000\\ ?& ?\\ ?& ?\\ ?& ?\\ \text{N}\text{e}\text{t}\text{i}\text{n}\text{c}\text{o}\text{m}\text{e}& \text{\$}(444,000)\\ ?& ?\\ ?& ?\\ ?& ?\\ ?& ?\\ \text{R}\text{e}\text{t}\text{a}\text{i}\text{n}\text{e}\text{d}\text{e}\text{a}\text{r}\text{n}\text{i}\text{n}\text{g}\text{s}& \frac{1}{1}\\ \text{\$}(1,003,000)& ?\\ ?& ?\\ ?& ?\\ ?& ?\\ \text{N}\text{e}\text{t}\text{i}\text{n}\text{c}\text{o}\text{m}\text{e}& 444,000\\ ?& ?\\ ?& ?\\ ?& ?\\ ?& ?\\ \text{D}\text{i}\text{v}\text{i}\text{d}\text{e}\text{n}\text{d}\text{s}\text{d}\text{e}\text{c}\text{l}\text{a}\text{r}\text{e}\text{d}& 167\\ 000& ?\\ ?& ?\\ ?& ?\\ ?& ?\\ \text{R}\text{e}\text{t}\text{a}\text{i}\text{n}\text{e}\text{d}\text{e}\text{a}\text{r}\text{n}\text{i}\text{n}\text{g}\text{s}& \frac{12}{31}\\ \text{\$}(1,280,000)& ?\\ ?& ?\\ ?& ?\\ ?& ?\\ \text{C}\text{a}\text{s}\text{h}& \text{\$}137\\ 000& \text{\$}96\\ 000& \text{\$}96\\ 000& ?\\ ?& ?\\ \text{R}\text{e}\text{c}\text{e}\text{i}\text{v}\text{a}\text{b}\text{l}\text{e}\text{s}\text{a}\text{n}\text{d}\text{i}\text{n}\text{v}\text{e}\text{n}\text{t}\text{o}\text{r}\text{y}& 195\\ 000& 94\\ 000& 77\\ 200& ?\\ ?& ?\\ \text{P}\text{r}\text{o}\text{p}\text{e}\text{r}\text{t}\text{y}& \text{p}\text{l}\text{a}\text{n}\text{t}\\ \text{a}\text{n}\text{d}\text{e}\text{q}\text{u}\text{i}\text{p}\text{m}\text{e}\text{n}\text{t}& 2\\ 000& 000\\ 507& 000\\ 706& 000\\ \text{T}\text{r}\text{a}\text{d}\text{e}\text{m}\text{a}\text{r}\text{k}\text{s}& 351\\ 000& 235\\ 000& 292\\ 400& ?\\ ?& ?\\ \text{T}\text{o}\text{t}\text{a}\text{l}\text{a}\text{s}\text{s}\text{e}\text{t}\text{s}& \text{\$}2\\ 683& 000\\ \text{\$}932& 000\\ ?& ?\\ ?& ?\\ \text{L}\text{i}\text{a}\text{b}\text{i}\text{l}\text{i}\text{t}\text{i}\text{e}\text{s}& \text{\$}(528,000)\\ \text{\$}(214,000)& \text{\$}(214,000)\\ ?& ?\\ ?& ?\\ ?& ?\\ \text{C}\text{o}\text{m}\text{m}\text{o}\text{n}\text{s}\text{t}\text{o}\text{c}\text{k}& 400,000\\ 200,000& ?\\ ?& ?\\ ?& ?\\ ?& ?\\ \text{A}\text{d}\text{d}\text{i}\text{t}\text{i}\text{o}\text{n}\text{a}\text{l}\text{p}\text{a}\text{i}\text{d}-in\text{c}\text{a}\text{p}\text{i}\text{t}\text{a}\text{l}& 475,000\\ 70,000& ?\\ ?& ?\\ ?& ?\\ ?& ?\\ \text{R}\text{e}\text{t}\text{a}\text{i}\text{n}\text{e}\text{d}\text{e}\text{a}\text{r}\text{n}\text{i}\text{n}\text{g}\text{s}& 1,280,000\\ 448,000& ?\\ ?& ?\\ ?& ?\\ ?& ?\\ \text{T}\text{o}\text{t}\text{a}\text{l}\text{l}\text{i}\text{a}\text{b}\text{i}\text{l}\text{i}\text{t}\text{i}\text{e}\text{s}\text{a}\text{n}\text{d}\text{e}\text{q}\text{u}\text{i}\text{t}\text{i}\text{e}\text{s}& \text{\$}(2,683,000)\\ \text{\$}(932,000)& ?\\ ?& ?\\ ?& ?\\ ?& ?\end{array}$

$In$ addition, Pacifica assessed a research and development project under way $at$ Seguros $to$ have a fair value $of$ $$129,000.$ Although not yet recorded $on$ its books, Pacifica paid legal fees $of$ $$18,000in$ connection with the acquisition and $$9,100in$ stock issue costs.

$a.$ Prepare Pacifica's entries $to$ account for the consideration transferred $to$ the former owners $of$ Seguros, the direct combination costs, and the stock issue and registration costs.

$b.$&$c.$ Present a worksheet showing the postacquisition column $of$ accounts for Pacifica and the consolidated balance sheet $asof$ the acquisition date.