1) The balance sheets of Power Company and Spectrum Corporation immediately prior to Power's acquisition of 95% of Spectrum's voting stock are Spectrum Power Corporation Company Book Value Book Value Fair Value Assets S 1,000,000 4,000,000 700,000 Current assets 8000,000 Plant & equipment, net 30,000,000 3,000,000 39000000 $34.000.000 Total assets Liabilities & equity S 600,000 2,000,000 Current liabilities 600,000 Long-term liabilities 25,000,000 6,400,000 6,200,000 Common stock, $1 par 20,000 400,000 Additional paid-in capital 3,200,000 1,380,000 E400,000 600,000 Retained earnings S9000 000 Total liabilities & equity LS34.000.000 In addition to the assets already reported by Spectrum Corporation, the following previously unreported identifiable intangible assets are identified as owned by Spectrum Corporation. These assets are appropriately recorded as assets