On January $1,20$x$5,$ Pirate Company acquired all of the outstanding stock of Ship Incorporated, a Norweglan company, at a cost of $$151,200.$ Ship's net assets on the date of acquisition were $700,000$ kroner $($NKr$).$ On January $1,20$X$5,$ the book and falr values of the Norweglan subsidlary's identirlable assets and liabilitles approximated their falr values except for property, plant, and equlpment and patents acquired. The falr value of ship's property, plant, and equipment exceeded its book value by $$18,000.$ The remalning userul life of Ship's equipment at January $1,20$X$5,$ was $10$ years. The remainder of the differentlal was attributable to a patent having an estimated us eful life of $5$ years. Ship's trlal balance on December $31,20$X$5,$ In kroner, follows:

$\backslash$table$[[,$Debits,Credits$],[$Cash$,NKr15$e$,600,],[$Accounts fecolvable $($net$),260,090,],[$Inventory$,270,600,],[$Property$.$ Plant and Equspeont,$600,620,],[\backslash$table$[[$Accunulated oepreclation$],[$Accounts Payable$]],,\backslash$table$[[$NKn $150,000],[90,000]]],[$Notes payable,,$120\mathrm{.}606],[$Conteon Stock.,,$450,000],[$fotalnod Earnings:,,$250,60],[$Sales$,,],[$Cost of Goods Sold,,$],[$Operating Expenses,$\backslash$table$[[160,068],[50,$eBd