5. Assume that on December 31, 2017, Meta Corporation issued 20,000 shares of its $20 par common stock (current fair value $90 a share) to stockholders of Harer Company for all outstanding $10 par common stock. There was no contingent consideration. Out of pocket costs consist of: Finder’s and legal fee relating to business combination 100,000, Costs associated with SEC registration 70,000Assume also that the business combination qualified for purchase accounting because required conditions for pooling accounting were not met. Harer Company continues its corporate existence. Both constituent companies had a December 31 fiscal year and used the same accounting policies. Financial statements of the constituent companies prior to consummation of the business combination follow: