On January 1, 2017, Plutonium Corporation acquired 80% of the outstanding stock of Sulfurst Inc. for $278,600 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 Book Values Sulfurst Inc.'s Market Values Current assets $83,300 $83,300 Property, plant & equipment: Land 77,900 96,000 Building & machinery (net) 184,000 184,000 Total assets $345,200 Total liabilities $109,600 $109,600 Common stock, $5 par value 96,200 Additional paid-in-capital 19,200 Retained earnings 120,200 Total liabilities and equities $345,200 Parent Non- Controlling Share Share Purchase Price and Implied Value $ 278600 $ ta 55720 Less Book Value of Equity Acquired Difference Between Implied and Book Value Land Balance Goodwill Balance $ $ ta