The fair values of Bridgeport's assets and liabilities are equal to their book values with the exception of land. On January 2,2020 , Indigo Company acquired 90% of the outstanding common stock of Bridgeport Company for $513,000 cash. Just before the acquisition, the balance sheets of the two companies were as follows: INDIGO COMPANY AND SUBSIDIARY Consolidated Balance Sheet January 2, 2020 Assets Cash $ Accounts Receivable Inventory Plant and Equipment Land Total Assets $ Current Liabilities Accounts Payable $ Total Current Liabilities