On August $31,$ Planar Corp. exchanged $100,000$ shares of its $$40$ par value common stock for all of the

net assets of Sistrock Co$.$ Planar had no previous equity interest in Sistrock. The fair value of Planar's

common stock on August $31$ was $$72$ per share. Planar paid a fee of $$320,000$ to the consultant who

arranged this acquisition. Direct costs of registering and issuing the equity securities amounted to

$$160,000.$ No goodwill or bargain purchase was involved in the acquisition.

Complete Planar's compound entry recording the acquisition of Sistrock's net assets using the

information above.

To prepare each required journal entry:

Enter the corresponding debit or credit amount in the associated column.

Round all amounts to the nearest whole number.