Question: Work and answer please Required Information Use the following information to answer problems 2-13 and 2-14 (Algo) On May 1, Donovan Company reported the following

 Work and answer please Required Information Use the following information to

Work and answer please

Required Information Use the following information to answer problems 2-13 and 2-14 (Algo) On May 1, Donovan Company reported the following account balances: On May 7, Beasley paid $436,200 in stock (fair value) for all of the assets and liablities of Donovan, which will cease to exist as a separate entity in connection with the merger, Beasley incurred $21,400 in accounts payable for legal and accounting fees. Beasley also agreed to pay $86.600 to the former owners of Donovan contingent on meeting certain revenue goals durhng the followling year Beasley estimated the present value of its probabllity adjusted expected payment far the contingency at $29,300 b detemining its offer, Beasley noted the following: - Donovan holds a bullding with a fairvalue $32,800 more than its book value. - Donovan has developed unpatented technology appralsed at $30,900, although is it not recorded in its flnanclal records. - Donovan has a researchiand development activity in process with an appralsed fair value of $46,600. The project has not yet reached technological feasibility. - Book values for Donovin's cument assets andiliabilitles approximate fair values. Problem 2-14 (Algo) (LO 2-5, 2-8) Multiple choice $517800. $540,000. $436,200 5,165,500

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