HW Chapter 2 Help Save & Exilt Sub Check my won Following are preacquisition financial balances for Padre Company and Sal Company as of December 31. Also included are fair values for Sol Company accounts. Sol Compsny Book Valoes ook Values Pair Values 12/31 400,000 220,000 12/31 120,000 300,000 260,000 110,000 330,000 220,000 (120,000) (30,000) 1510,000) 120,000 300,000 210,000 Inventory 400.000 Building and egaipeent (net) Pranchise agreenments ccounts payable 270,000 190,000 (120, 000) (30,000) 220,000 (300,000) 1960,000 (660,0001 Coneon atock-$20 par value Connon stock-45 par value Additional paid-in capital (70,000) (390,000) (960.0001 (210,000) (90,000) (240,000) (330,000) Note: Parentheses indicate a credt balance. On December 31, Padre acquires Sol s outstanding stock by paying S3500 n cash and issuing O000 shares os own common stock with a fair value of $40 per share. Padre paid legal and accounting fees of $20000 as well as $5,000 h stock issuance costs Determine the value that would be shown in Padre's consolidated financial statements for each of the accounts listed. [input all amounts as positive values Prey 11oft3 Next > MacBoolk 8