Pa acquired 80% of Son's common stock on January 1, Year 1 for $170,00. At that data, Son's reported a retained earnings balance of $20,000 and common shares $125,000. On that, Son's not assets were equal for market value with the exception of the following. Pa acquired 80% of Son's common stock on January 1, Year 1 for $170,00. At that data, Son's reported a retained earnings balance of $20,000 and common shares $125,000. On that, Son's not assets were equal for market value with the exception of the following