On January 1, 2018, Park Corp acquired 100% of the ordinary shares purchased from Son Corp for a total of $ 189,000. at the acquisition date, the book value of assets and liabilities has a fair value, except for the Inventory account that has a fair value of $ 84,000, and the Building and Equipment (net) account has a fair value of $ 165,000. Data from the statements of financial position of the two companies prior to the acquisition are as follows:

Accounts Park Corp Son Corp Asset Cash 53 215.000 $ 18.000 Accounts Receivables $ 82000 $ 37.000 Inventory 5] 110.000 $ 60.000 Building and Equipment [Net] 5] 220.000 $ 150.000 Total Asset $63 2.000 $265.000 Liabilities and Equities Accounts Payable $ 92.000 $ 35.000 Notes Payable $ 150.000 $ 80.000 Share Capital Ordinary $ 100.000 $ 60.000 Retained Earnings $ 290.000 $ 90.000 Total Liabilities and Equities $631000 $265.000