Statue Corporations balance sheet at January 1, 20X7, reflected the following balances:

Assets Liabilities & Stockholders Equity

Cash & Receivables $ 99,000 Accounts Payable $ 35,000 I

nventory 122,000 Income Taxes Payable 59,000

Land 88,000 Bonds Payable 284,000

Buildings & Equipment (net) 489,000 Common Stock 235,000

Retained Earnings 185,000

Total Assets $ 798,000 Total Liabilities & Stockholders Equity $ 798,000

Prize Corporation entered into an active acquisition program and acquired 80 percent of Statues common stock on January 2, 20X7, for $440,000. The fair value of the noncontrolling interest at that date was determined to be $110,000. A careful review of the fair value of Statues assets and liabilities indicated the following:

Book Value Fair Value

Inventory $ 122,000 $ 142,000

Land 88,000 78,000

Buildings & Equipment (net) 489,000 553,000

Goodwill is assigned proportionately to Prize and the noncontrolling shareholders.

Required: Compute the appropriate amount related to Statue to be included in the consolidated balance sheet immediately following the acquisition for each of the following items:

a. inventory

b. land

c. buildings and equipment (net)

d. goodwill

e. investment in statue corporation

f. non controlling interest