Arizona Corp. acquired the business Data Systems for $320,000 cash and assumed all liabilities at the date of purchase. Datas books showed tangible assets of $260,000, liabilities of $40,000, and stockholders equity of $220,000. An appraiser assessed the fair market value of the tangible assets at $250,000 at the date of acquisition. Arizona Corp.s financial condition just prior to the acquisition is shown in the following statements model: