IV. Intercompany Investment (18 points) 1. Several years ago, Steinway acquired 100% of UMI for $84,227 cash. Prior to acquisition, UMI had inventories of $30,041, receivables of $41,734, property; plant and equipment of $17,510 and accounts payable of $18,622 on its books. Steinway estimated that all of the assets and liabilities were on UMI's books at fair value except for inventory which was worth $10,000 more than book value. Assuming purchase accounting treatment (not a merger of equals), what journal entry would Steinway have recorded for the transaction? (6 points)