Sunny Corporation reported the following balance sheet amounts on December 31, 2019: Balance Sheet Item Cash and Receivables Inventory Land Historical Cost Fair Value $ 50,000 120,000 30,000 340,000 $60,000 Plant and Equipment Less: Acc Depreciation 100,000 40,000 400,000 (130,000) Patent 120,000 Total Assets $ 470.000 $ 660,000 Account Payable Common Stock Additional Paid in Capital Retained Earnings $ 90,000 220,000 30,000 $ 80,000 130,000 Total Liabilities & Equities $470,000 Required: Give t