A Parent Leaves a House, a Farm, and a Piece

Essay

A parent leaves a house, a farm, and a piece of property to be divided equally among four children who submit dollar bids on these objects as follows: $\begin{array}{lcccc}&&\underline{\text { Children } }\\\underline{\text {Objects } }&\underline{\text { First }}& \underline{\text { Second } }&\underline{ \text { Third } }&\underline{ \text { Fourth }}\\\text { House } & 120,000 & 125,000 & 100,000 & 90,000 \\\text { Farm } & 80,000 & 60,000 & 70,000 & 75,000 \\\text { Property } & 40,000 & 30,000 & 25,000 & 45,000\end{array}$ What is the fair division arrived at by the Knaster inheritance procedure?