On January 1, 20X9, Hill Corporation acquired 90 percent of Gary Corporation's voting common stock. Gary's buildings and equipment had a book value of $350,000 and a fair value of $300,000 at the time of acquisition.

Based on the preceding information, what will be the amount at which Gary's buildings and equipment will be reported in consolidated statements using the current accounting practice?

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