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Pubway Company purchased 7 0 % of Subway Company on July 1 . 2 0 X 8 for $ 2 0 0 , 0 0

Pubway Company purchased 70% of Subway Company on July 1.20X8 for $200,000 more than 70% of Subway's book value. At the acquisition date, Pubway had land with a book value of $375,000 and a fair value of $425,000, and Subway had land with a book value of $138.000 and a fair value of $167.000. What will be the balance in the Land account in the consolidated balance sheet on July 1,20X8?

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