1 On January 1, 2019, Rami Corporation purchased 25% of the outstanding common stock of Sawsan Corporation for $100,000 cash. Book value and fair value of Sawsan's assets and liabilities at the time of acquisition are shown below. Assets Book Fair Values Values Cash $40,000 $40,000 Accounts receivable 100,000 90,000 Inventories 40,000 50,000 Equipment 180,000 210,000 $360,000 $390,000 Liabilities & Equities Accounts payable $110,000 $110,000 Note payable 50,000 40,000 Capital stock 100,000 Retained earnings 100,000 $360,000 $150,000 Required: Prepare an allocation schedule for Rami's investment in Sawsan