Consolidation Eliminations Several Years after Acquisition

Paramount Corporation acquired its $75$ percent investment in Sun Corporation on January $1,2018,$ for $$3,142,500,$ and accounts for its investment internally using the complete equity method. At the acquisition date, Sun's book value consisted of $$1,000,000$ in capital stock and $$500,000$ in retained earnings, and the estimated fair value of the $25$ percent noncontrolling interest was $$607,500.$ The fair values of Sun's assets and liabilities were equal to their carrying values, except for the following items:

$\backslash$table$[[,$Fair value less Book value$],[$Accounts recelvable,$$(100,000)$