On December 31, 2026, Pink issued 50,000 shares of its common stock with a fair value of $35 per share for the net assets of Black. The following facts applied: Black dissolves immediately after the acquisition. Stock issuance costs of $15,000 were paid. Direct costs of $10,000 were paid. Pink promises to pay an additional $5,200 to the former owners if Black's earnings exceed $600,000. The expected present value of the contingency is $5,000. What is the fair value of consideration paid on the acquisition date? Same facts for Questions 8, 9, and 10 On December 31, 2026, Pink issued 50,000 shares of its common stock with a fair value of $35 per share for the net assets of Black. The following facts applied: Black dissolves immediately after the acquisition. Stock issuance costs of $15,000 were paid. Direct costs of $10,000 were paid. Pink promises to pay an additional $5,200 to the former owners if Black's earnings exceed $600,000. The expected present value of the contingency is $5,000. What is the fair value of consideration paid on the acquisition date?