Player Corporation purchased $100$ percent of Scout Company's common stock on January $1,20$X$5,$ and paid $$48,000$ above book value. The full amount of the additional payment was attributed to amortizable assets with a life of four years remaining at January $1,20$X$5.$ During $20$X$5$ and $20$X$6,$ Scout reported net income of $$47,000$ and $$10,000$ and paid dividends of $$13,000$ and $$10,000,$ respectively. Player uses the equity method in accounting for its investment in Scout and reported a balance in its investment account of $$165,000$ on December $31,20$X$6.$

Required:

Compute the amount paid by Player to purchase Scout shares.