On January 2, 2018, Company P acquired all of the outstanding voting stock of Company S in exchange for $6,000 in stock. Company P elected to exercise control over Company S as a wholly owned subsidiary with an independent accounting system. Both companies have December 31 year ends. At the acquisition date, Company S has a stockholder's equity of $2,500, which includes Retained Earnings of $1,700. Company P pursued the acquisition, in part, to utilize Company S technology and computer software. These items had fair values that differed from their values on Company S books as follows as of the acquisition date: Asset Book Value Fair Value Remaining Life Patented technology $ 140 $ 2,240 7 years Computer software $ 60 $ 1,260 12 years At December 31 2020, Company S owes Company P $20. Company S remaining identifiable assets and liabilities had acquisiiton-date book values that closely approximated fair values. Since acquisition, no assets have been impaired. During the next three years, Company S reported the following income and dividends: