Wilkins Inc. acquired 100% of the voting common stock of Granger Inc. on January 1, 2021. The book value and fair value of Granger's accounts on that date (prior to creating the combination) are as follows, along with the book value of Wilkins's accounts: 
Assume that Wilkins issued 13,000 shares of common stock with a $5 par value and a $46 fair value for all of the outstanding shares of Granger. What will be the consolidated Additional Paid-In Capital and Retained Earnings (January 1, 2021 balances) as a result of this acquisition transaction?
Definitions:
Employment Decline
A reduction in the number of jobs or the rate of employment in a particular sector or economy.
Elastic Demand
A state in which the quantity demanded of a product is highly responsive to changes in its price.
Accountant Wages
The compensation, including salary and benefits, paid to accountants for their professional services.
Demand Shift
A change in the quantity demanded at every price point, caused by factors other than the price of the good or service.
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