Here are the pre- acquisition balance sheets of Father Company and Son Company on December 31, 20x5:

Son Company Current Assets Investments Land Buildings, net Equipment, net Total Assets Current liabilities Long- term liabilities Common Stock, PIO par Additional paid- in capital Retained Earnings Total liabilities and equity Father Compa ny Book Value p 4, 000,000 Book Value 1, 500,000 Market Value 12,000,000 1, 500,000