Pretzel Corporation acquired $100$ percent of Stick Company's outstanding shares on January $1,20$X$7.$ Balance sheet data for the two companies immediately after the purchase follow:

$\backslash$table$[[,\backslash$table$[[$Pretzel$],[$Corporation$]],\backslash$table$[[$Stick$],[$Company$]]],[$Cash$,$$$70,000,$$$35,000$