Problem $19-58($LO $19-4)($Algo$)$

Amy and Brian were investigating the acquisition of a tax accounting business, Bottom Line Incorporated $($BLI$).$ As part of their

$16\mathrm{.}66$

discussions with the sole shareholder of the corporation, Ernesto Young, they examined the company's tax accounting balance sheet.

points

The relevant information is summarized as follows:

Note: Leave no answer blank. Enter zero if applicable. Negative amounts should be indicated by a minus sign.

$\backslash$table$[[,,$Adjusted Tax,$],[$Cash$,$FMY$,$Basis,Appreciation$],[$Receivables$,$$$7,000,$$$7,000,],[$Building$,14,000,14,000,],[$Land$,115,000,57,500,57,500],[$Total$,249,000,109,000,140,000],[$Payables$,$$$385,000,$$$187,500,$$$197,500$