36. On January 1, 2017, Panther, Inc., issued securities with a total fair value of $577,000 for 100 percent of Stark Corporation's outstanding ownership shares. Stark has long supplied inventory to Panther. The companies expect to achieve synergies with production scheduling and product devel- opment with this combination Although Stark's book value at the acquisition date was $300,000, the fair value of its trademarks was assessed to be $45,000 more than their carrying amounts. Additionally, Stark's patented tech- nology was undervalued in its accounting records by $232,000. The trademarks were considered to have indefinite lives, and the estimated remaining life of the patented technology was eight years. In 2017, Stark sold Panther inventory costing $75,000 for $125,000. As of December 31, 2017, Panther had resold 74 percent of this inventory. In 2018, Panther bought from Sark s140,000 of inventory that had an original cost of $70,000. At the end of 2018,P price) of inventory acquired from Stark, all from its 2018 purchases. anther held $38,000 (transfer