west, inc. holds 100 percent of the common stock of coast company, an investment acquired for $680,000. immediately following the combination, west's net assets have a book value of $1,150,000 and a fair value of $1,390,000. the book value and the fair value of coast's net assets on the date of combination are $400,000 and $550,000, respectively. immediately following the combination, a consolidated balance sheet is prepared.