P3-3 Allocating excess of investment On March 31, 2014, Tobias AG purchased 90 percent of interest in Mark AG for $8,100,000 cash. Mark AG had unrecorded patents on this date for $100,000. The balance sheet summary of Mark AG on March 31, 2014, was as follows (in thousands):

Book Value Fair Value Cash $1,000 $1,000 Inventories 1,600 2,000 Land 3,000 4,000 Buildings—net 2,800 2,500 Equipment—net 3,900 4,000 Current liabilities 900 900 Notes payable 1,800 2,000 Bonds payable 2,400 2,000 Common stock, $10 par 2,000 Retained earnings 5,200 REQuIRED: Prepare a schedule to allocate the excess of investment fair value over book value.