(Solved): Following are preacquisition financial balances for Padre Company and Sol Company as of December 3 ...

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 \( \$ 142,500 \) in cash and issuing 17,500 shares of its own common stock with a fair value of \( \$ 40 \) per share. Padre paid legal and accounting fees of \( \$ 22,900 \) as well as \( \$ 12,500 \) 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.)