(Solved): Following are preacquisition financial balances for Padre Company and Sol Company as of December 31 ...

Following are preacquisition financial balances for Padre Company and Sol Company as of December 31 . Also included are fair values for Sol Company accounts. ivve. ratenumeses incicate a credit balance. On December 31, Padre acquires Sol's outstanding stock by paying \( \$ 349.000 \) in cash and issuing 11,400 shares of its own common stock with a fair value of \( \$ 40 \) per share. Padre paid legal and accounting fees of \( \$ 23,400 \) as well as \( \$ 12,800 \) 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 volues.) Note: Parentheses indicate a credit balance. On December 31, Padre acquires Sol's outstanding stock by paying \( \$ 349,000 \) in cash and issuing 11,400 shares of its own common stock with a fair value of \( \$ 40 \) per share. Padre paid legal and accounting fees of \( \$ 23,400 \) as well as \( \$ 12,800 \) 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.)