Browning Corp. is planning to purchase Jacobs Corp on 1/1/X6 for $340,000. Jacobs' balance sheet on that date is as follows: balance sheet Browning has determined the following with respect to Jacobs: The net realizable value of its accounts receivable is $23,000 The fair value of its PP&E is $325,000 The pension liability is overstated by $20,000 An unrecorded customer list Jacobs owns is worth $15,000 For all other amounts, the book value on 1/1/X6 equals fair value