On January 3, 2020, Sarasota Limited purchased 3,700 (37%) of the common shares of Sonja Corp. for $510,110. The following information is provided about the identifiable assets and liabilities of Sonja at the date of acquisition: Carrying Amount Fair Value Assets not subject to depreciation $518,000 $518,000 Assets subject to depreciation (10 years remaining) 778,000 858,000 Total identifiable assets 1,296,000 1,376,000 Liabilities 93,000 93,000 During 2020, Sonja reported the following information on its statement of comprehensive income: Income before discontinued operations $195,000 Discontinued operations (net of tax) (50,500 ) Net income and comprehensive income 144,500 Dividends declared and paid by Sonja November 15.2020 97,000