26. On May 1, Soriano reported the following account balances in addition to their estimated fair values: Amount placed Receivables at fair value $90,000 $90,000 Inventory $75,000 75,000 Copyright 125,000 480,000 Technology acquired Patent $825,000 Total Assets $1,115,000 $1,345,000 Current Liabilities $160,000 Long-Term Liabilities $160,000 645,000 Joint Stock $635,000 Retained Earnings $210,000 Total Liabilities and Equity $1,115,000 that day, Zambrano paid cash for all of Soriano's assets and liabiliti.