Pork Corporation acquired all the voting shares of Swine Enterprises on January 1, 20X4. Balance sheet amounts for the companies on the date of acquisition were as follows: Pork Corporation Swine Enterprises Cash & Receivables Inventory Land $ 44,000 $ 24,000 110,000 87,000 Buildings & Equipment 416,000 Investment in Swine Enterprises 304,000 Total Debits $961,000 Accumulated Depreciation Accounts Payable $172,000 43,000 44,000 97,000 235,000 $400,000 $ 58,000 12,000 Notes Payable 92,000 96,000 Common Stock 300,000 92,000 Retained Earnings Total Credits 354,000 $961,000 142,000 $400,000 Swine Enterprises' buildings and equipment were estimated to have a market value of $187,000 on January 1, 20X4. All other items appeared to have market values approximating current book values.