On July 1, 2025, Ayayai Corporation purchased Young Company by paying $257,800 cash and issuing a $139,000 note payable to Steve Young. At July 1, 2025, the balance sheet of Young Company was as follows. Cash $51,600 Accounts payable $207,000 Accounts receivable 89,700 Stockholders' equity 238,700 Inventory 106,000 $445,700 Land 40,600 Buildings (net) 75,600 Equipment (net) 71,000 Trademarks 11.200 $445,700 The recorded amounts all approximate current values except for land (fair value of 564,500), inventory (fair value of $125,100), and trademarks (fair value of $15,120).