On July 1, 2023, Whispering Winds Corporation purchased the net assets of Soorya Company by paying $441,000 cash and issuing a $47,900 note payable to Soorya. At July 1,2023 , the statement of financial position of Soorya was as follows: The recorded amounts all approximate current values except for land (worth $58,100 ), inventory (worth $131,500 ), and trademarks (worthless). The receivables are shown net of an allowance for expected credit losses of $11,000. The amounts for buildings, equipment, and trademarks are shown net of accumulated amortization of $23,000,$29,000, and $47,000, respectively. On July 1, 2023, Whispering Winds Corporation purchased the net assets of Soorya Company by paying $441,000 cash and issuing a $47,900 note payable to Soorya. At July 1,2023 , the statement of financial position of Soorya was as follows: The recorded amounts all approximate current values except for land (worth $58,100 ), inventory (worth $131,500 ), and trademarks (worthless). The receivables are shown net of an allowance for expected credit losses of $11,000. The amounts for buildings, equipment, and trademarks are shown net of accumulated amortization of $23,000,$29,000, and $47,000, respectively