Z Your answer is partially correct. Try again. Pascal Corporation purchased 90% of the stock of Salzer Company for $2,066,040 on January 1, 2015. On this date, the fair value of the assets and liabilities of Salzer Company was equal to their book value except for the inventory and equipment accounts. The inventory had a fair value of $730,100 and a book value of $596,500. The equipment had a book value of $889,000 and a fair value of $1,068,900. The balances in Salzer Company's common stock and retained earnings accounts on the date of acquisition were $1,222,400 and $588,800, respectively. In general journal form, prepare the entry on Salzer Company's books to record the effect of the pushed down values implied by the purchase of its stock by Pascal Company assuming that values are allocated on the basis of the fair value of Salzer Company as a whole imputed from the transaction. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Credit Account Titles and Explanation Debit Inventory 133600 179900 Equipment 484400 Goodwill 1386700 Difference between Implied and Book Value