On December 31, Year 1, P Company purchased 90% of the outstanding shares of $ Company for $8,100 cash. The statements of financial position of the two companies immediately after the acquisition transaction appear below. P Company 5 Company Carrying Amount Carrying Amount Fair Value Plant and equipment (net) 8,800 7.200 6,200 Investment in S Company 8,100 Inventory 5,860 4,600 4,800 Accounts receivable 4,550 2,500 2,500 Cash 2,900 1,750 1,750 30,210 16,050 Ordinary shares 11,200 3,700 Retained earnings 12,310 5,750 Long-term liabilities 3,500 2,700 2,700 Other current liabilities 1,900 2.500 2.500 Accounts payable 1,300 1,400 1,400 30,210 16,050 Required