Exercise 10-13 Your answer is correct. Presented below is information related to Pronghorn Company. 1. On July 6, Pronghorn Company acquired the plant assets of Doonesbury Company, which had discontinued operations. The appraised value of the property is: Land $370,000 Buildings 1,110,000 Equipment 740,000 Total $2,220,000 Pronghorn Company gave 12,500 shares of its $100 par value common stock in exchange. The stock had a market price of $215 per share on the date of the purchase of the property