P$5-24$ Complex Differential LO $5-1,5-2$Peace Company issued common shares with a par value of $$58,000$ and a market value of $$158,700$ in exchange for $30$ percent ownership of Symbol Corporation on January $1,20$X$2.$ Symbol reported the following balances on that date: SYMBOL CORPORATIONBalance SheetJanuary $1,20$X$2$ Book ValueFair ValueAssets Cash $$59,000$ $$59,000$ Accounts Receivable $99,00099,000$ Inventory $($FIFO basis$)134,000164,000$ Land $57,00072,000$ Buildings P$5-24$ Complex Differential LO $5-1,5-2$Peace Company issued common shares with a par value of $$58,000$ and a market value of $$158,700$ in exchange for $30$ percent ownership of Symbol Corporation on January $1,20$X$2.$ Symbol reported the following balances on that date: SYMBOL CORPORATIONBalance SheetJanuary $1,20$X$2$ Book ValueFair ValueAssets Cash $$59,000$ $$59,000$ Accounts Receivable $99,00099,000$ Inventory $($FIFO basis$)134,000164,000$ Land $57,00072,000$ Buildings