Big Co. acquired 100% of Little Co. on 1/1/X9 for $1,000,000 cash. At that time, book value equaled fair value for all balance sheet items on Little's books except the following: Book Value Fair Value Inventory 75,000 95,000 Bonds payable 100,000 125,000 Land 40,000 55,000 What is the total excess value to be reclassified from the investment in consolidation? 1. $60,000 2.$15,000 3.($5,000) 4.$10,000