Pace Company purchased 20,000 of the 25,000 shares of Saddler Corporation for $527,500. On January 3, 2014, the acquisition date, Saddler Corporation's capital stock and retained earnings account balances were $501,800 and $100,800, respectively. The following values were determined for Saddler Corporation on the date of purchase: Inventory Other current assets Marketable securities Plant and equipment Book Value $49,200 198,100 99,600 302,600 Fair Value $69,200 198,100 124,000 331,600 Prepare a Computation and Allocation Schedule for the difference between book value and the value implied by the purchase price in the consolidated statements workpaper. Parent Share Non- Controlling Share Entire Value Purchase Price and Implied Value 527500 131875 659375 Less Book Value of Equity Acquired 482080 120520 602600 Difference between Implied and Book Value 45420 11355 56775 Inventory - 16000 -4000 -20000 X Marketable Securities X Plant and Equipment X Balance X Gain x Increase Noncontrolling Interest to Fair Value of Assets X Total Allocated Bargain Balance