:$3-9$ Subsidiary Acquired with Bonds

Byte Computer Corporation acquired $100$ percent of Nofail Software Company's stock on January $2,20$X$3,$ by issuing bonds with a par value of $$140,000$ and a fair value of $$150,000$ in exchange for the shares. Summarized balance sheet data presented for the companies just before the acquisition are as follows:

$\backslash$table$[[,\backslash$table$[[$Byte Computer$],[$Corporation$]],,\backslash$table$[[$Nofail Software$],[$Company$]]],[,$Book Value,Fair Value,,Book Value,Fair Value$],[$Cash$,$$$200,000,$$$200,000,,$$$50,000,$$$50,000$