On Jamuary $1,2024,$ the Moody Company entered in a transaction for $100\%$ of the outstanding common stock of Osorio Company. Osorio Company will cease to exist as a separate entity. To acquire the shares, Moody issued $$400$ in long$-$term liabilities and $40$ shares of common stock having a fair valueof $$10$ per share. Moody paid $$20$ to lawyers, accountants, and brokers for assistance in bringing about this acquisition. Another $$15$ was paid in connection with stock issuance costs. Prior to these transactions, the Balance Sheets for the two companies were as follows:

$\backslash$table$[[,$Moody,Osario$],[$Cash$,180,40],[$Receivables$,810,180],[$Inventory$,1,080,280],[$Land$,600,360],[$Buildings $($net$),1,260,440],[$Equipment $($net$),480,100],[$Accounts Payable,$(450),(80)],[$Long$-$term Liabilities,$(1,290),(400)$