The balance sheets of Percy Corp. and Saltz Ltd. on December 31, Year 10, a Percy Saltz Cash $ 200,000 4,000 Accounts receivable 50,000 14,000 Inventory 60,000 42,000 Plant 475,000 192,000 Accumulated amortization (125,000) (90,000) Trademarks (net) 14,000 $ 560,000 176,000 Current liabilities 100,000 20,000 Long-term debt 160,000 40,000 Common shares 220,000 60,000 Retained earnings 180,000 56,000 $ 660,000 176,000 The fair values of the identifiable net assets of Saltz Ltd. on December 31, Y Cash $ 4,000 Accounts receivable 14,000 Inventory 52,000 Plant 120,000