P Company acquired a 100% interest in S Company. On the date of acquisition the fair value of the assets and lia- bilities of S Company was equal to their book value ex- cept for land that had a fair value of $1,500,000 and a book value of $300,000. At what amount should the land of S Company be included in the consolidated balance sheet? At what amount should the land of S Company be included in the consolidated balance sheet if P Company acquired an 80% interest in S Company rather than a 100% interest?