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Jolt Co. acquired 65% of the common stock of Yelts Corp. At the time of purchase Yelts owned land with book value of $70,000 and

Jolt Co. acquired 65% of the common stock of Yelts Corp. At the time of purchase Yelts owned land with book value of $70,000 and a fair value of $100,000.

What is the amount of excess land allocation attributed to the controlling interest at the acquisition date?

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