Required information On January 1, 20X9, Paradox Company acquired all of Sirius Company's common shares for $365,000 cash On that date. Sirius's balance sheet appeared as follows: Assets Cash and Receivables Inventory Land Buildings and Equipment(net) $ 50,000 80,000 50, eee zea, eee $ 30,00 58, Bee Liabilities Current Payabies Notes Payable Stockholders Equity Common Stock Additional Capital Retained Earnings Total 180, eee 150,00 50.ee 5380,000 Total $380.000 The fair values of all of Sirius's assets and liabilities were equal to their book values except for inventory that had a fair value of $85,000. land that had a fair value of $60,000 and buildings and equipment that had a fair value of $250,000 Buildings and equipment have a remaining useful life of 10 years with zero salvage value. Paradox Company decided to employ push-down accounting for the acquisition Subsequent to the combination Sinus continued to operate as a separate company Based on the preceding information, what amount of differential will arise in the consolidation process? Multiple Choice