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Following are preacquisition financial balances for Padre Company and Sol Company as of December 31...

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Accounting

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Following are preacquisition financial balances for Padre Company and Sol Company as of December 31 . Also included are fair values for Sol Company accounts. Note: Parentheses indicate a credit balance. On December 31, Padre acquires Sol's outstanding stock by paying $242,500 in cash and issuing 15,200 shares of its own common stock with a fair value of $40 per share. Padre paid legal and accounting fees of $24,400 as well as $8,600 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.) Note: Parentheses indicate a credit balance. On December 31, Padre acquires Sol's outstanding stock by paying $242,500 in cash and issuing 15,200 shares of its own common stock with a fair value of $40 per share. Padre paid legal and accounting fees of $24,400 as well as $8,600 in stock issuance costs. Determine the value that would be shown in Padre's consolldated financial statements for each of the accounts listed. (Input all amounts as positive values.)

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