Parent acquires 60% of Subsidiary Corp for $500,000 on January 1, 2012. The remaining 40% is valued at $250,000. The consolidation date is 12/31/15. On the acquisition date Subsidiary had the following assets and liabilities: BOOK FAIR VALUE Cash 150,000 150,000 Accounts Receivable 200,000 200,000 Buildings - 6 year life 300,000 360,000 Equipment - 4 year life