the time, America d. copyright ation on January 1, 2016. At the time RE12.9 Grand Champion Inc. purchased America's Sweethearts Corporatio LO 12.5 Sweethearts had the following assets and liabilities (stated at fair value) Cash $ 62,000 Accounts receivable 138,000 Inventory 185,000 Property, plant, and equipment 300,000 Patent 65,000 Accounts payable 200,000 Notes payable 325,000 Grand Champion paid $900.000 for America's Sweethearts. Record the purchase by Grand Champion