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16. Ron Corporation had the following selected account balances and fair values on December 31, 2020 when it was acquired by Valley Company. Book Values Fair Values Receivables $ 55,000 $ 55,000 Customer relationships 10,000 75,000 Patents -0- 190.000 In-process R&D -0- 68,000 Liabilities 65,000 65,000 Common Stock 35.000 Additional paid-in capital 110,000 Valley Company acquired all the common shares of Ron Corporation by issuing 10.000 shares of its own common stock valued at $19 per share. Valley incurred stock issuance costs of $5,000 and paid $8,000 in direct clerical and legal costs of the combination. Valley also agreed to pay an additional $19,000 if Ron achieved certain profit goals within the first three years. The contingent payment was determined to have a fair value of $9.000. a. What is the acquisition cost of the combination?| b. How do the stock issuance costs affect Valley 's balance sheet? c. How do the direct costs of the combination affect Value's balance sheet? d. Without performing computations, how will Ron's revenues and expenses for 2020 affect the consolidated totals? e. What will be the accounting treatment of the In-process R&D? 16. Ron Corporation had the following selected account balances and fair values on December 31, 2020 when it was acquired by Valley Company. Book Values Fair Values Receivables $ 55,000 $ 55,000 Customer relationships 10,000 75,000 Patents -0- 190.000 In-process R&D -0- 68,000 Liabilities 65,000 65,000 Common Stock 35.000 Additional paid-in capital 110,000 Valley Company acquired all the common shares of Ron Corporation by issuing 10.000 shares of its own common stock valued at $19 per share. Valley incurred stock issuance costs of $5,000 and paid $8,000 in direct clerical and legal costs of the combination. Valley also agreed to pay an additional $19,000 if Ron achieved certain profit goals within the first three years. The contingent payment was determined to have a fair value of $9.000. a. What is the acquisition cost of the combination?| b. How do the stock issuance costs affect Valley 's balance sheet? c. How do the direct costs of the combination affect Value's balance sheet? d. Without performing computations, how will Ron's revenues and expenses for 2020 affect the consolidated totals? e. What will be the accounting treatment of the In-process R&D

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