Additional Problem 3 (Part Level Submission) On January 1, 2017, AMI Corporation purchased the non-cash net assets of Grouper Ltd. for $8,545,500. Following is the statement of financial position of Grouper Ltd. from the company's year-end the previous day Ltd. As at r 31, 2016 Cash $670,000 562,000 2,560,000 2,120,000 2,600,000 $8,512,000 362,000 2,570,000 5,580,000 $8,512,000 Inventory Property, plant, and equipment (net) Common shares Retained earnings As part of the negotiations, AMI and Grouper agreed on the following fair values for the items on Grouper's statement of financial position: Accounts receivable Inventory Property, plant, and equipment $560,700 2,335,000 1,935,000 3,850,000 229,200 Accounts payable