Tyler Company acquired all of Jasmine Company's outstanding stock on January 1, 2019, for $267,100 in cash. Jasmine had a book value of only $200,600 on that date. However, equipment (having an eight-year remaining life) was undervalued by $59,200 on Jasmine's financial records. A building with a 20-year remaining life was overvalued by $17,000. Subsequent to the acquisition, Jasmine reported the following: