Slope Corp acquired 90% of Downhill Co on January 1, 2019 for $27,000 in cash when Downhill's stockholders equity consisted of $10,000 of capital stock, and $5,000 of retained earnings. The difference between the fair value and the book value of the account Downhill's net assets were distributed upon amortization of a 5-year patent. Separate statements for both companies appear in the first two columns of the sheet job below.

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