On January 2, Pam Corporation purchased a 30 percent interest in Sun Corporation for $240,000. On this date the book value of Sun's stockholders' equity was $500,000. The carrying amounts of Sun's identifiable net assets equals their fair values, except for a patent whose fair value exceeded its carrying amount by $300.000 (remaining life 10 years) . Sun reported net income of $100,000 and paid $60,000 dividends during the year. The fair value of Pam's investment in Sun, as determined by market prices, was $235,000. Pam using the equity method. In its December 31 balance sheet anat amount should Pam repart for this in ent ili This video was made A