Effective December 31, 20x6, Honda Corporation proposes to acquire, in a one-for-one exchange of common stock, all the assets of Toyota Corporation and Nissan Corporation, after which the latter to corporations will distribute the Honda stock to their shareholders in complete liquidation and dissolution. Honda proposes to increase its outstanding stock for proposes of these acquisitions financial position statement of each of the corporations immediately prior to merger on December 31, 20x6, are given here. The assets are deemed to be worth their book values