Exercise 5-10 On January 2 2013 Page Corporation acquired a 90% interest in Salceda Company for $3,500,000. At that time Salcedo Company had common stock of S2 250 000 and retained earnings of $1,250,000. The book values of Salcedo Company's assets and liabilities were equal to their fair values except for land and bonds payable. The land had a fair value of $200.000 and a book value of $120 000 The outstanding bonds were issued on January 1, 2008, at 9% and mature on January 1 2018. The bonds' pria al is SSD?O and the current yield rate on similar bonds is 6%. Your answer is partially correct. Try again. Assuming interest is paid annually, prepare a Computation and Allocation Schedule for the difference between book value and the value implied by the purchase price in the consoldated statements wor paper on the acquisition date. (Round present value factor calculations to S decinal places, eg 1.25136 and final answers to O decimal places, e.g. 5,125) Parent Controlling Entire Purchase Price and essBook Value of Equity Acquired ed and Book value Premium on Bonds Payable Land Balance