Adams Corporation acquired 90 percent of the outstanding voting shares of Barstow, Inc., on December 31, 2016. Adams paid a total of $603,000 in cash for these shares. The 10 percent noncontrolling interest shares traded on a daily basis at fair value of $67,000 both before and after Adams's acquisition. On December 31, 2016, Barstow had the following account balances Book ValueFair Value Current assets Land Buildings (10-year remaining life) Equipment (5-year remaining life) Patents (10-year remaining life) Notes payable (due in 5 years) Common stock Retained earnings, 12/31/16 160,000 120,000 220,000 160,000 160,000 150,000 200,000 200,000 50,000 (180,000) (200,000) (180,000) (280,000) December 31, 2018, adjusted trial balances for the two companies follow Barstow, Inc. ams Corporation Debits 610,000 380,000 490,000 873,000 702,000 480,000 100,000 40,000 110.000 3,785,000 250,000 150,000 250,000 150,000 Current assets Land Buildings Equipment Investment in Barstow, Inc. Cost of goods sold Depreciation expense Interest expense Dividends declared Total debits 90,000 55,000 15,000 70,000 1,030,000 CreditsS Notes payable Common stock Retained earnings Revenues Investment income Total credits 860,000 510,000 1,367,000 940,000 108,000 S 3.785.000 230,000 180,000 340,000 280,000 , 1/1/18 S 1.030.000