A LTI Launch X Question 7 - Ch.2 Consolidations X Course Hero X G Allerton Company acquires all of [ x + X (@ https://ezto.mheducation.com/ext/map/index.html?_con=conexternal_browser=0launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconnect%252Fltiwrapper%252FltiaCloseWi... . . . Ch.2 Consolidations II Homework Saved Help Save Exit Submit G Check my work 7 W On January 1, NewTune Company exchanges 18,668 shares of its common stock for all of the outstanding shares of On-the-Go, Incorporated. Each of NewTune's shares has a $4 par value and a $50 fair value. The fair value of the stock exchanged in the y! acquisition was considered equal to On-the-Go's fair value. NewTune also paid $33,550 in stock registration and issuance costs in connection with the merger. 11.11 points Several of On-the-Go's accounts' fair values differ from their book values on this date (credit balances in parentheses): f Items Book Values Fair Values eBook Receivables $ 47, 250 $ 44, 850 in Trademarks 114, 506 302, 750 Print Record music catalog 84, 250 251, 506 In-process research and development 235, 500 References Notes payable (70, 250) (64, 950) Precombination book values for the two companies are as follows: Items NewTune On-the-Go Cash $ 71, 250 $ 39, 250 W Receivables 79, 750 47, 250 Trademarks 460, 000 114, 500 Record music catalog 858, 000 84, 250 Equipment (net) 379,000 127, 000 Totals $ 1, 848, 000 $ 412, 250 GW Accounts payable $ (184, 000 $ (34, 500) Notes payable (372, 000 (70, 250 Common stock (400, 000 000'Os Additional paid-in capital (30, 000) 000'DE ) Retained earnings (862, 000 (227, 500) Totals $ (1, 848, 000) $ (412, 250) Required: as Acrime that this combination in a station, moreArea that On the CA's accounts will be transferred to the records of NAUTIIng An + Mc Graw Hill 4 66OF Q Search will hp 10:30 PM ENG QU Clear e 10/17/2025