275,000 cash. At that date, XYZ reported common stock outstanding of 200,000 and retained earnings of 100,000 and the fair and book value of XYZ's assets and liabilities were equal, except for other intangible assets, which has a fair value 50,000 greater than book value and an 8-year remaining life. XYZ reported the following data for 20x1 and 20x2. Year Net Income Comprehensive Dividends Paid Income 20x1 25,000 30.000 5,000 20x2 35,000 45.000 10,000 Bright reported separate net income from own operations of 100,000 and paid dividends of 30,000 for both years