On March 31, 2014, Tobias AG purchased 90 percent of interest in Mark AG for 58,100,000 cash. Mark AG had unrecorded patents on this date for $100,000. The balance sheet summary of Mark AG on March 31, 2014, was as follows (in thousands): Book Value Fair Value Cash Inventories Land Buildings-net Equipment-net Current liabilities Notes payable Bonds payable Common stock, $10 par Retained earnings $1,000 1,600 3,000 2,800 3,900 900 1.800 2,400 2,000 5,200 $1.000 2.000 4.000 2,500 4,000 900 2.000 2,000