Abe Manufacturing Corp. decided to expand further by purchasing the net assets of Erb Corp. ERB's statement of financial position at December 31 , 2020 is An appraisal, agreed to by both parties, indicated that the fair value of the inventory was and the fair value of the plant assets was $1,050,000 The fair value of the receivables and payables is equal to the amount reported on the balance sheet. The agreed purchase price was and this amount was paid in cash to the owners of Abe Corp. ing Corp. decided to expand further by purchasing the net assets of Erb Corp. ERB's ancial position at December 31 , 2020 is