On July 1, 2025, Blue Corporation purchased Young Company by paying $257,700 cash and issuing a $123,000 note payable to Steve Young. At July 1, 2025, the balance sheet of Young Company was as follows. Cash $50,800 Accounts payable $204,000 Accounts receivable 89,900 Stockholders' equity 235,800 Inventory 102,000 $439,800 Land 40,200 Buildings (net) 75,000 Equipment (net) 70,300 Trademarks 11,600 $439,800 The recorded amounts all approximate current values except for land (fair value of $63,100), inventory (fair value of $125,300), and trademarks (fair value of $15,280).