On January $1,2023,$ QuickPort Company acquired $90$ percent of the outstanding voting stock of NetSpeed, Incorporated for $$981,000$ in cash and stock options. At the acquisition date, n had common stock of $$990,000$ and Retained Earnings of $$78,000.$ The acquisition$-$date fair value of the $10$ percent noncontrolling interest was $$109,000.$ QuickPort attributed the $$69,500$ excess of n fair value over book value to a database with a five$-$year remaining life.