ignment $2$

$($i$)$

Saved

On January $1,202,$ Prost Company acquired all of SKK Corporation's assets and liabilities by issuing $24,800$ shares of its $$5$ par value common stock. At that date, Prost shares were selling at $$24$ per share. Historical cost and fair value balance sheet data for SKK at the time of acquisition were as follows:

$\backslash$table$[[,$Historical,$],[$Balance Sheet Item,Cost,Fair Value$],[$Cash and Receivables,$$20,000,$$$20,000$