On October 1, 2018, Snoopy Corporation bought 40% of the outstanding common stock of Woodstock Company for $4,000,000 cash and achieved significant influence. At the date of acquisition of the stock, Woodstock's net assets had a total fair value of $8,500,000 and a book value of $6,800,000. The fair value and the book value of Woodstock's assets and liabilities were equal except for the following: