Priya Corporation acquired 70 percent of Sheldon Company on January 1, 2021 for $560,000 cash. The fair value of the other 30 percent ownership interest is estimated to be $240,000. ADDITIONAL INFORMATION: The book value of Sheldon's net assets on the date of acquisition was $620000. All book values were equal to their fair values, except for the following: 1. Inventory was overvalued by $34000. 2. Land was undervalued by $28000. 3. Equipment, net was undervalued by $23200. THE ACQUISITION DATE INVESTMENT ANALYSIS WOULD INCLUDE EXCESS VALUE (DIFFERENTIAL) IN THE AMOUNT OF: f NOTE: BE SURE TO TYPE A SIMPLE NUMBER WITH NO COMMAS OR DOLLAR SIGNS. FOR EXAMPLE, TYPE 1000 INSTEAD OF $1,000. Your Answer: Answer