On April 10, Browning Corp. purchased Elwood Inc. for $800,000. Elwood's trial balance on that date is as follows: Account Debit Credit Cash $ 30,000 Accounts Receivable 150,000 Allowance for Doubtful Accounts $ 20,000 Equipment Accumulated Depreciation 235,000 Patent 75,000 Accounts Payable 30,000 Salaries Payable 20,000 Estimated Sales Return Liability 6,000 Note Payable Pension Liability 90,000 Common Stock Retained Earnings 354,000 Total $1,055,000 $1,055,000 Browning has determined the following for Elwood Inc. Q Search The net realizable value of its accounts receivable is $142,000 The fair value of the equipment is $600,000 The estimated sales return liability is overstated by $4,000 The pension liability is overstated by $20.000