On January 1, 2017, Plutonium Corporation acquired 80% of the outstanding stock of Sulfurst Inc. for $287,900 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 Plutoniums experts.

		Sulfurst Inc.s Book Values		Sulfurst Inc.s Market Values
Current assets		$87,800		$87,800
Property, plant & equipment:
Land		81,500		102,400
Building & machinery (net)		169,200		169,200
Total assets		$338,500
Total liabilities		$95,000		$95,000
Common stock, $5 par value		93,800
Additional paid-in-capital		20,500
Retained earnings		129,200
Total liabilities and equities		$338,500

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