Peak Corporation owns $75$ percent of Summit Company's voting shares, acquired on March $21,205,$ at book value. At that date, the fair value of the noncontrolling interest was equal to $25$ percent of the book value of Summit Company.

$\backslash$table$[[,\backslash$table$[[$Peak$],[$Corporation$]],\backslash$table$[[$Summit$],[$Company$]]],[$Cash and Receivables,$$70,000,$$$10,000$