Picky Corp. acquired $100$ percent of the stock of Scratchy, Inc. on January $1,2009,$ for $$419,0$ On this date, the balances of Scratchy's stockholders' equity accounts were Common Sto $$254,800,$ and Retained Earnings, $$27,440.$

On January $1,2009,$ Scratchy's recorded book values were equal to fair values for all items exce for the following:

$\backslash$table$[[$Account Dr $($Cr$),$Book Value,Fair Value$],[$Accounts Receivable,$56,000,50,400],[$Buildings and equipment,$49,000,74,200],[$Customer List,$14,000,72,800],[$Notes payable,$(33,600),(25,200)$