The balance sheets of Percy Corp. and Saltz Ltd. on December 31, Year 10, 3 Percy Saltz Cash 2001000 4.000 Accounts receivable 50,000 14,000 Inventory 60,000 42,000 Plant 475,000 192,000 Accumulated amortration (125,000) (90,000) Trademarks (net) 14,000 620,000 176,000 Current liabilities 20,000 Long-term debt 160,000 40,000 Common shares 220,000 601000 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 Trademarks (net) 28,000 2181000 Current liabilities 20,000 Long-term debt 38,000 58,000