Schenk Corporation’s balance sheet immediately prior to its acquisition by Piaget Company is as follows: Schenk Corporation (in thousands) Book Value Fair Value Assets Current assets $3,000 $2,500 Plant & equipment, net 24,000 15,000 Total assets $27,000 Liabilities & Equity Current liabilities $3,220 3,220 Long-term liabilities 20,000 19,800 Common stock 60 Additional paid-in capital 3,400 Treasury stock -500 Retained earnings 900 AOCI -80 Total liabilities & equity $27,000 In addition to the a