On January 1, 2017, Plutonium Corporation acquired 80 % of the outstanding stock of Sulfurst Inc. for $244,100 cash. The following balance sheet shows Sulfurst Inc.'s book values immediately prior to acquisition, as well as the appraised values of its assets and liabilities by Plutonium's experts. Sulfurst Inc.'s Market Values Sulfurst Inc.'s Book Values $84,900 Current assets $84,900 Property, plant & equipment: Land 79,400 98,900 Building & machinery (net) 162.100 162,100 Total assets $326,400 Total liabilities $107,000 $107,000 Common stock, $5 par value 99,000 Additional paid-in-capital 18,700 Retained earnings 101,700 Total liabilities and equities $326,400 Your answer is partially correct. Try again. Prepare a Computation and Allocation Schedule for the Difference between Book Value and the Value Implied by the Purchase Price Non- Controlling Share Parent Entire Value Share Purchase Price and Implied Value 244100 61025 305125 $ Book Value of Equity Acquired 43880 Less 175520 219400 85725 Difference Between Implied and Book Value 68580 17145 Land 79120 19780 98900 Balance -10540 -13175 -2635 -2635 Goodwill -10540 -13175 Balance C