. On 1-1 2019, Dubai Inc. purchased 95 percent of Sub. Inc. for 120,000 cash. The Balance Sheet of each corporation just prior to the acquisition presented below. Additionally, book value and fair value for all of Subs assets and liabilities are equal, with the exception of Property, Plant and Equipment, whose fair value is 47,000.

Balance sheet before acquisition

Balance Sheet

		Dubai Inc.	SUB Inc.
	Assets	1/1/2019	1/1/2019
	Current Assets
	Cash	$170,000	$21,000
	Accounts receivable (Net)	60,000	45,000
	Inventory	50,000	45,000
	Total Current Assets	$280,000	$111,000
	Fixed Assets
	Property, Plant, and Equipment (Net of Accumulated Depreciation)	265,000	42,000
	Goodwill
	Total Assets	545,000	153,000
Liabilities
Current Liabilities
Accounts Payable		$70,000	$30,000
Accruals Payable		20,000	15,000
Total Current Liabilities		$90,000	$45,000
Non-Current Liabilities
Bonds Payable		$180,000
Total liabilities		$270,000	$45,000

Shareholders' Equity
Non-Controlling Interest (Share of Subsidiary)	$	$
Common Stock ($5 Par)	100,000	55,000
Paid In Capital	20,000	8,000
Retained Earnings	155,000	45,000
Total Shareholders' Equity	$275,000	$108,000
Total Liabilities and Shareholder's Equity	$545,000	$153,000

What is the fair value of Sub Inc.?