Question 6 of 11 < > The following balances were taken from the records of Crane Company: Common stock (1/1/20 and 12/31/20) Retained earnings 1/1/20 Net income for 2023 Dividends declared in 2023 Retained earnings, 12/31/20 Total stockholders' equity on 12/31/20 $160,100 184,000 Search (40,400) $722,500 303,700 $1,026,200 Swifty Company purchased 75% of Crane Company's common stock on January 1, 2021 for $903,300. The difference between implied value and book value is attributable to assets with a remaining useful life on January 1, 2023 of ten years. Compute the difference between cost/(implied) and book value applying: 2.9 -/4 1)