panther company acquires an 80 interest in sargo company for 272000 on january 1 2011 when sargo company has the following balance sheet/

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The excess of the price paid over book value is attributable to the fixed assets, which have a fair value of $260,000, and to goodwill. The fixed assets have a 10-year remaining life. Panther uses the sophisticated equity method to record the investment in Sargo Company.
The following trial balances of the two companies are prepared on December 31, 2011:

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