Several of Jernigans accounts have fair values that differ

Several of Jernigans accounts have fair values that differ from book value The fair values are Land 480000 Building 720000 Inventory 336000 and Liabilities 396000 Inglewood Inc acquired all of the outstanding common shares of Jernigan by issuing 20000 shares of common stock having a 6 par value per share but a 66 fair value per share Stock issuance costs amounted to 12000