PJ Corporation pays $10,800,000 for an 80 percent interest in Sof Corporation on January 1, 2011, at which time the book value and fair value of Sof's net assets are as follows (in thousands):
Book Value Fair Value
Current assets .................... $ 4,000 ................. $ 6,000
Equipment-net .................. 8,000 .................. 12,000
Other plant assets-net .......... 4,000 .................... 4,000
Liabilities ........................ (6,000) .................. (6,000)
Net assets ....................... $10,000 ................. $ 16,000
REQUIRED
Prepare a schedule to assign the fair value/book value differentials to Sof's net assets.