On June 30, 2018, Plaster, Inc., paid $820,000 for 80 percent of Stucco Company's outstanding stock. Plaster assessed the acquisition-date fair value of the 20 percent noncontrolling interest at $205,000. At acquisition date, Stucco reported the following book values for its assets and liabilities: Cash Accounts receivable Inventory Land Buildings Equipment Accounts payable $53,800 113,800 181,800 58,200 156,700 268,700 (31,400) On June 30, Plaster allocated the excess acquisition-date fair value over book value to Stucco's assets as follows: Equipment (3-year remaining life) Database (10-year remaining life) $67,400 156,000 At the end of 2018, the following comparative (2017 and 2018) balance sheets and consolidated income statement were available Plaster, Inc. December 31, 2017 Consolidated December 31, 2018 Cash Accounts receivable (net) Inventory Land Buildings (net) Equipment (net) Database $38,400 323,300 370,600 267,900 218,800 1,607,500 $216,800 433,300 642,800 326,100 330,600 1,820,500 148,200