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On January $1,20$X$6,$ Pumpkin Corporation acquired $70$ percent of Spice Company's common stock for $$210,000$ cash. The falr value of the noncontrolling interest at that date was determined to be $$90,000.$ Data from the balance sheets of the two companies included the following amounts as of the date of acquisition:

$\backslash$table$[[$Cash$,$Pumpkin,$],[$Accounts Receivable,$$50,000,$Splce$],[$Inventory$,70,000,15,000],[$Land$,30,000,25,000],[$Buildings and Equipment,$150,000,20,000],[$Less: Accumulated Depreciation,$250,000,200,000],[$Investment in Spice Company,$(70,000),(20,000)$