On January 2, 2013, Page Corporation acquired a 90% interest in Salcedo Company for $3,455,000. At that time Salcedo Company had common stock of $2,285,000 and retained earnings of $1,196,000. The book values of Salcedo Company's assets and liabilities were equal to their fair values except for land and bonds payable. The land had a fair value of $195,000 and a book value of $115,000. The outstanding bonds were issued on January 1, 2008, at 9% and mature on January 1, 2018. The bonds principal is $512,000 and the current yield rate on Similar bonds is 6%. Assuming interest is paid annually, prepare a Computation and Allocation Schedule for the difference between book value and the value implied by the purchase price in the consolidated statements workpaper on the acquisition date. (Round present value factor calculations to 5 decimal places, c.9. 1.25136 and final answers to o decimal places, c.g. 5,125.) Non Parent Controlling Entine Share Share value Purchase price and Implied Value 3455000 383889 3838889 Less Book Value of Equity Acquired Difference between Implied and Book Value Balance Land Balance Goodwill Balance 0