ON JANUARY 1, 2023, PATRIOT INC. ACQUIRES 100% OF CHARGER CORP.'S OUTSTANDING COMMON STOCK BY EXCHANGING 80,000 SHARES OF PATRIOT'S $5 PAR VALUE COMMON VOTING STOCK. ON JANUARY 1, 2023, PATRIOT'S VOTING COMMON STOCK HAD A MARKET VALUE OF $50 PER SHARE. CHARGER'S VOTING COMMON SHARES WERE SELLING FOR $20.50 PER SHARE. CHARGER'S BALANCES ON THE ACQUISITION DATE JUST PRIOR TO ACQUISITION WRE LISTED BELOW. PATRIOT IS ACCOUNTING FOR THE INVESTMENT IN CHARGER USING THE ACQUISITION METHOD. CHARGER IS BEING DISSOLVED AND CLOSED.

	BOOK VALUE	FAIR MARKET VALUE
CASH	125,000	125,000
ACCOUNTS RECEIVABLE	275,000	275,000
INVENTORY	330,000	360,000
LAND	400,000	460,000
BUILDING (NET)	1,250,000	1,500,000
EQUIPMENT (NET)	1,620,000	1,475,000
ACCOUNTS PAYABLE	(250,000)	(250,000)
COMMON STOCK, $1 PAR	(1,000,000)
ADDITIONAL PAID IN CAPITAL	(1,500,000)
RETAINED EARNING, 1/1/2023	(1,250,000)

1-COMPUTE GOODWILL

2-PREPARE JOURNAL ENTRY FOR THE AQUISITION OF THE INVESTMENT (THE OTHER COMPANY IS BEING DISSOLVED.