Earth Sciences homework help

Following are preacquisition financial balances for Padre Company and Sol Company as of December 31. Also included are fair values for Sol Company accounts.   Padre Company Sol Company   Book Values Book Values Fair Values   12/31 12/31 12/31   Cash   $ 400,000       $ 120,000       $ 120,000       Receivables     220,000         300,000         300,000       Inventory     410,000         210,000         260,000       Land     600,000         130,000         110,000       Building and equipment (net)     600,000         270,000         330,000       Franchise agreements     220,000         190,000         220,000       Accounts payable     (300,000 )       (120,000 )       (120,000 )     Accrued expenses     (90,000 )       (30,000 )       (30,000 )     Long-term liabilities     (900,000 )       (510,000 )       (510,000 )     Common stock—$20 par value     (660,000 )                         Common stock—$5 par value               (210,000 )               Additional paid-in capital     (70,000 )       (90,000 )               Retained earnings, 1/1     (390,000 )       (240,000 )               Revenues     (960,000 )       (330,000 )               Expenses     920,000         310,000               Note: Parentheses indicate a credit balance.   On December 31, Padre acquires Sol’s outstanding stock by paying $360,000 in cash and issuing 10,000 shares of its own common stock with a fair value of $40 per share. Padre paid legal and accounting fees of $20,000 as well as $5,000 in stock issuance costs. Determine the value that would be shown in Padre’s consolidated financial statements for each of the accounts listed. (Input all amounts as positive values.)