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On January 1, 2020, Peasy Corporation acquired 70 percent of Squeezy Corporation's voting common stock....

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On January 1, 2020, Peasy Corporation acquired 70 percent of Squeezy Corporation's voting common stock. On that date, Peasy reported buildings and equipment on its general ledger at a book value of $71000. 01/01/20, the fair value of the Peasy's buildings & equipment was $51000. On 01/01/20, Squeezy reported buildings and equipment on its general ledger at a book value of $63000. On that same date, the fair value of the Squeezy's buildings & equipment was $83000. What will be the amount at which buildings and equipment will be reported in consolidated balance sheet immediately following the acquisition? BE SURE TO TYPE A SIMPLE NUMBER WITH NO COMMAS OR DOLLAR SIGNS. FOR EXAMPLE, TYPE 1000 INSTEAD OF $1,000

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