On December 31, 2018. Panda Corporation acquired 100 percent ownership of Silent Corporation. On that date. Silent reported assets and liabilities with book values of $350,000 and $100,000, respectively common stock outstanding of $100,000, and retained earnings of $150,000. The book values and fair values of Silent's assets and liabilities were identical except for land which had Increased in value by $12.000 and inventories which had decreased by $7,000. What amount of differential will appear in the eliminating entries required to prepare a consolidated balance sheet immediately after the business combination, if the acquisition price was $275,000