Brlstle Corporation acquired 75 percent of Silver Corporation's common stock on December 31, 20X8, for $300,000. The fair value of the noncontrolling Interest at that date was determined to be $100,000. SIlver's balance sheet Immediately before the combination reflected the following balances Cash and Receivables $40,000 70,000 Inventory 90,000 Land 250,000 Buildings and Equipment (net) Total Assets $450,000 Accounts payable S30,000 40,000 Income Taxes Payable Bonds Payable 100,000 100,000 Common Stock 180,000 Retained Earnings Total Liabilities and Stockholders Equity $450,000 A careful review of the falr lue of Silver's assets and liabilitles Indicated that Inventory, land and buildings and equipment (net) had falr values of $65,000, $100,000, and, $300,000 respectively. Goodwill ls assigned proportionately to Brlstle and the noncontrolling shareholders