On January $1,2023,$ Payne Company bought a $15$ percent Interest in Scout Company. The acquisition price of $$197,500$ reflected an assessment that all of Scout's accounts were falrly valued within the company's accounting records. During $2023,$ Scout reported net Income of $$107,000$ and declared cash dividends of $$32,000.$ Payne possessed the ability to significantly influence Scout's operations and, therefore, accounted for this Investment using the equity method.

On January $1,2024,$ Payne acquired an additional $80$ percent Interest in Scout and provided the following falr$-$value assessments of Scout's ownership components:

$\backslash$table$[[$Consideration transferred by Payne for $80\%$ interest,$$1,414,400$