On January $1,2023,$ QuickPort Company acquired $90$ percent of the outstanding voting stock of NetSpeed, Incorporated, for $$1,125,000$ in cash and stock options. At the acquisition date, NetSpeed had common stock of $$1,170,000$ and Retained Earnings of $$58,500.$ The acquisition$-$date fair value of the $10$ percent noncontrolling interest was $$125,000.$ QuickPort attributed the $$21,500$ excess of NetSpeed's fair value over book value to a database with a five$-$year remaining life.

During the next two years, NetSpeed reported the following:

$\backslash$table$[[$Items$,$Net Income,$\backslash$table$[[$Dividends$],[$Declared$]]],[2023,$$$30,100,$$$4,300$