no edit was needed, his comment was just "sorry"

3) On January 1, 2013, Pendal Corporation purchased 25% of the outstanding common stock of Sedda Corporation for $100,000 cash. Book value and fair value of Sedda's assets and liabilities at the time of acquisition are shown below. Assets Cash Accounts receivable Inventories Equipment Book Values $40,000 100,000 40,000 180,000 $360,000 Fair Values $40,000 90,000 50,000 210,000 $390,000 Liabilities & Equities Accounts payable Note payable $110,000 40,000 Capital stock $110,000 50,000 100,000 100,000 $360,000 Retained earnings $150,000 Required: Prepare an allocation schedule for Pendal's investment in Sedda