2. BUSINESS ACQUISITIONS  (continued) Accounts Receivable Inventories Acquired receivables are amounts due from customers, and are stated at net realizable value. The estimated fair value of inventories acquired, which is at net realizable value based upon third party valuation specialist. 34 Precision Products and Big 3 Mold Services, and indirectly through them, all of the outstanding equity interests in Design The Innovations, Sur- Form and Associated, for an adjusted purchase cash price of $81.2 million. The Big 3 acquisition was financed with a combination of $2.1 million of cash on hand, a credit agreement (the “Credit Agreement”) with Santander Bank, N.A., for itself and, People’s United Bank, National Association and TD Bank, N.A. as lenders, providing for a $100.0 million term loan and a $20.0 million revolving credit line. In connection with the Credit Agreement, the Company also used its cash to repay the remaining balance (approximately $19.1 million) of its then outstanding term loan with People’s United Bank National Association. Through its two divisions, Big 3 Products and Big 3 Mold, Big 3 Precision serves diverse markets including truck, automotive, plastic packaging products, packaged consumer goods and pharmaceuticals. In particular, Big 3 Precision Products works with leading manufacturers to design and produce custom returnable packaging to integrate with their assembly processes. Big 3 Mold is a global leader in the design and manufacture of blow mold tools. The following table summarizes the consideration paid for Big 3 Precision and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date, as well as the fair value at the acquisition date. At August 30, 2019: Eastern Company Notes to Consolidated Financial Statements (continued) Consideration Cash $ 338,714 Cash proceeds from debt 80,817,039 $ 81,155,753 Recognized amounts of identifiable assets acquired and liabilities assumed Accounts receivable $ 13,649,937 Inventory 3,240,382 Prepaid and other assets 32,268 Property plant and equipment 13,770,170 Other noncurrent assets 1,337,337 Other intangible assets 21,054,000 Current liabilities (4,910,384 ) Deferred revenue (1,585,709 ) Income tax payable (2,039,117 ) Note payable (375,379 ) Deferred tax liabilities (7,114,732 ) Total identifiable net assets 37,058,773 Goodwill 44,096,980 $ 81,155,753