Peace Corporation acquired 100 percent of Soft Inc. in a nontaxable transaction on December 31, 20X1. The following balance sheet information is available immediately following the transaction:

	Peace Corporation									Soft Inc.
	Book Value				Fair Values					Book Value				Fair Values
Cash		$	37,000			$	37,000				$	12,000			$	12,000
Accounts Receivable, net			51,000				51,000					17,000				17,000
Inventory			79,000				86,000					7,000				10,000
Deferred Tax Asset			11,000									1,000				?
Investment in Soft			81,000				81,000
Equipment, net			160,000				195,000					32,000				44,500
Patent												0				24,000
Total Assets		$	419,000								$	69,000
Accounts Payable		$	60,000			$	60,000				$	13,000			$	13,000
Accrued Vacation Payable			11,000				11,000
Deferred Tax Liability			5,000									2,000				?
Long-Term Debt			105,000				115,000					6,000				6,000
Common Stock			145,000									9,000
Retained Earnings			93,000									39,000
Total Liabilities and Equity		$	419,000								$	69,000

Additional Information

1. The current and future effective tax rate for both Peace and Soft is 40 percent.
2. The recorded deferred tax asset for Peace relates to the book-tax differences arising from the allowance for doubtful Accounts and the Accrued vacation payable. The expenses associated with each of these amounts will not be deductible for tax purposes until the related accounts receivable are written off or until the employee vacation is actually paid out.
3. The recorded deferred tax asset for Soft is related solely to the book-tax difference arising from the allowance for doubtful accounts.
4. The recorded deferred tax liability in both Peace and Soft relates solely to the book-tax differences arising from the depreciation of their respective equipment.
5. Accumulated depreciation on the financial accounting records of Peace and Soft is $49,000 and $18,000, respectively.
6. The Soft patent was identified by Peace in the due diligence process and has not previously been recorded in the accounting records of Soft.
7. The book and tax bases of all other assets and liabilities of Peace and Soft are the same.
8. Required:

Compute the tax bases of the assets and liabilities for Peace and Soft, where different from the amounts recorded in the respective accounting records.

	Peace Tax Basis Calculations	Soft Tax Basis Calculations
Tax basis of accounts receivable
Tax basis of accrued vacation payable
Tax basis of equipment
Tax basis of patent

Please help me complete the chart above and the chart below.

Compute the fair value of the deferred tax assets and deferred tax liabilities for Soft.

Answer is not complete.

Total DTA	need an answer here	related to	Accounts Receivable
Total DTL	need an answer here	related to	Inventory, Equipment, Patent