P Company purchased $80\%$ of the outstanding common stock of S Company on January $2,2016,$ for $$380,000.$ Balance sheets for P Company and S Company immediately after the stock acquistition were as follows:

$\backslash$table$[[,$P Company,$],[\backslash$table$[[$Current assets$],[$Investment in S Company$],[$Plant and equipment $($neti$)]],\backslash$table$[[$$$166,000$