Player Corporation purchased 100 percent of Scout Company's common stock on January 1, 20X5, and paid $39,000 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, 20X5. During 20X5 and 20X6, Scout reported net income of $46,000 and $9,000 and paid dividends of $16,000 and $13,000, respectively. Player uses the equity method in accounting for its investment in Scout and reported a balance in its investment account of $163,000 on December 31, 20X6.

Required:

Compute the amount paid by Player to purchase Scout shares.