$7$

Pretzel Corporation acquired $100$ ?percent of Stick Company's outstanding shares on January $1,20\backslash$times $7.$ ?Balance sheet data for the two companies immediately after the purchase follow:

$\backslash$table$[[,\backslash$table$[[$Pretzel$],[$Corporation$]],$Stick Company$],[$Cash$,$$$70,000,$$$35,000$