Tou received no credit for this question in the previous attempt View pre On January 1, 20*6, Pumpkin Corporation acquired 70 percent of Spice Company's common sock for $210,000 cast The fair value of the noncontrolling interest at that date was determined to be $90,000, Data from the linlance sheets of the two companies included the following amounts as of the date of acquisition: Purpalin Spice Cash $ 58,088 1 15,810 Accounts Heccivable Inventory Lend 158,098 But Idings and Equipment Less: Accumulated Depreciation (20,800) Investment in Spice Co. Total Assets Accounts Payable Bonds Paveble 40, 080 Common Stock 50,040 Hetained Earnings Total Llebilities and Equity 4090,080 At the date of the business combination, the book values of Spice's assets and nabilities approximated fair value except for inventory. which had a fair value of $30.000, and land. which had s fair value of $95.900 Based on the preceding Information, whot amount of tots inventory will be repomed in the consol looted balance sheet prepared immediately after the business combinat on