April 30, to expand its operations by purchasing the net assets of A&A Company for a cash payment of $555,110. Following are the fair values and book values of each of the assets and liabilities of A&A Company on April 30, 2021: Description Fair Value Book Value Cash $ 42,100 $ 42,100 Accounts receivable 87,580 89,370 Inventory 163,000 108,200 Copyrights