On January 1, 20X9, Heather Corporation acquired 60 percent of Garland Corporation's voting common stock. Garland's buildings and equipment had a book value of $300,000 and a fair value of $350,000 at the time of acquisition.

Based on the preceding information, what will be the amount at which Garland's buildings and equipment will be reported in consolidated statements using the entity theory approach?

		$350,000
		$340,000
		$330,000
		$300,000