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The notes to a recent annual report from Suzie's Shoe Corporation indicated that the company acquired another company, Steve's Shoes, Incorporated.

Assume that Suzie's acquired Steve's Shoes on January $5$ of the current year. Suzie's acquired the name of the company and all of its assets for $$506,000$ cash. Suzie's did not assume the liabilities. The transaction was closed on January $5$ of the current year, at which time the balance sheet of Steve's Shoes reflected the following book values. An independent appraiser estimated the following market values for the assets.

$\backslash$table$[[$Steve$\text{'}$s Shoes,,Incorporated,$],[$January $5$ of the Current Year,Book Value,Market Value$],[$Accounts receivable $($net$),$$$44,000,$$$44,000$