Parent company purchased 100 percent of subsidiary corporation's stock on january 1, x1, for $300,000 cash. At date of acquisition, subsidiary's share capital and RE amounted to $50,000 and $10,000 respectively.

Assets	Parent	Subsidiary
Cash	100,000	25,000
Investments	300,000
Other assets	165,000	125,000
Total assets	$575,000	$150,000
Liabilities and equity	Parent	Subsidiary
Current liabilities	25,000	35,000
Share capital	150,000	50,000
Retained earnings	400,000	65,000
Total liabilities and equity	$575,000	$150,000

Summarized statements of financial position of the companies on Dec 31,x3, are presented below

• Fair values of subsidiary were equal to book values except for buildings, which had a fair value of $100,000 in excess of net book value (remaining useful life of 20 years). Goodwill has not been impaired since acquisition
• No dividends were declared in X3
• Profit for the year X3 for parent and subsidiary amounts to $90,000 and $35,000 respectively
• During X3, $50,000 of the subsidiary's sales were to the parent. Of these sales, $10,000 remained in the December 31, X3, inventories of the parent. The december 31, X2, inventories of parent contained $5,000 of merchandise purchased from subsidiary. Subsidiary's sales are priced to provide it with a gross profit of 10% (gross profit on sales)

Assume that the NBV of buildings on Dec 31, x3 for parents and subsidiary amounts to $80,000 and $70,000 respectively. What amount would parent company report on its consolidated F/S on dec 31, x3 for buildings?