The fair values of all of Sirius's assets and liabilities were equal to their book values except for inventory that had a fair value of $85,000, land that had a fair value of $60,000, and buildings and equipment that had a fair value of $250,000. Buildings and equipment have a remaining useful life of 10 years with zero salvage value. Wilton Company decided to employ push-down accounting for the acquisition. Subsequent to the combination, Sirius continued to operate as a separate company.

57. Based on the preceding information, what amount will be present in the revaluation capital account, when consolidating entries are prepared?

58. Based on the preceding information, what amount of differential will arise in the consolidation process?

The answers are $65,000 and 0, respectively. Can you please explain how to get them? Thank you