Q$\mathrm{.}2($Chapter$-$S$)$: AS$23$: Geomilt

Durky $2004,$ the Pencil Corp, entered Inte negotatons to by Stlo Company, finally agreeing on a December $2004,$ except for the coluting cash balances of Scilo.

The $31$ December $2004$ balance sheet propered by Stla ts chana below in octuma $(0),$ and the reved far values abded later by Pencl ars shown in column $($b$).$

$\backslash$table$[[$mLo crownen eww.r selet$],[$At $31$ December aad$4,(1)$ Dock Vitum es Stilo Co$,$ C$)$ Fc$\text{'}$r Votum mored by Pend Cerp.$],[$Cash$,$$ $50,000,$N$/,],[$Accounts recelvalle $($ret$),108,000,$$ $108,000,],[$Inventory$,320,000,189,000,],[$Property$,$ plant, and equipment $($ret$),614,000,570,000,],[$Land$,22,000,50,000,],[$Franchlee $($onamorticed balance$),1\mathrm{.}000,42,000,],[$Total$,$$$1,15,000,,],[$Unterizes end therehobders' equity$],[$Current labaities,$ $74,000,74,000,],[$Bonds parable,$400,000,400,000,],[$Shareholders$\text{'}$ equity,$68000,$N$/$a$,],[$Total$,$$$1,14000,,{?}^{**}$