Please explain how to calculate, thanks in advance $=)$

On January $1,$ NewTune Company exchanges $16,921$ shares of Pits common stock for all of the outstanding shares of On$-$

the$-$Go$,$ Incorporated. Each of NewTune's shares has a $$4$ par value and a $$50$ fair value. The fair value of the stock

exchanged in the acquisition was considered equal to On$-$the$-$Go's fair value. NewTune also paid $$28,900$ in stock

registration and issuance costs in connection with the merger.

Several of On$-$the$-$Go's accounts' fair values differ from their book values on this date $($credit balances in parentheses$)$:

Precombination book values for the two companies are as follows:

Required:

a$.$ Assume that this combination is a statutory merger so that On$-$the$-$Go's accounts will be transferred to the records of

NewTune. On$-$the$-$Go will be dissolved and will no longer exist as a legal entity. Prepare a postcombination balance

sheet for NewTune as of the acquisition date.

b$.$ Assume that no dissolution takes place in connection with this combination. Rather, both companies retain their

separate legal identities. Prepare a worksheet to consolidate the two companies as of the combination date.

Complete this question by entering your answers in the tabs below.

A

B

Assume that this combination is a statutory merger so that On$-$the$-$Go's accounts will be

transferred to the records of NewTune. On$-$the$-$Go will be dissolved and will no longer exist

as a legal entity. Prepare a postcombination balance sheet for NewTune as of the

acquisition date.

Note: Input all amounts as positive values.