27. On January 1, 2014, Peregrine Corporation acquired 100 percent of the voting stock of osprey Corporation in exchange for s2,017,000 in cash and securities. On the acquisition date, osprey had the following balance sheet 23,000 Accounts 57,000 97,000 Long-term debt 993,000 Cash Accounts receivable 140,000 Inventory 1,490,000 800,000 Common stock Equipment (net) 750,000 850,000 Retained earnings Trademarks $2,600,000 $2,600,000 At the acquisition date, the carrying amounts of Osprey's assets and liabilities were generally equivalent to their fair values except for the following assets