On January $1,2024,$ Brooks Corporation exchanged $$1,108,500$ fair$-$value consideration for all of the outstanding voting stock of Chandler, Incorporated. At the acquisition date, Chandler had a book value equal to $$1,072,500.$ Chandler's individual assets and liabilities had fair values equal to their respective book values except for the patented technology account, which was undervalued by $$180,000$ with an estimated remaining life of six years. The Chandler acquisition was Brooks's only business combination forthe year.

In case expected synergies did not materialize, Brooks Corporation wished to prepare for a potential future spin$-$off of Chandler, Incorporated. Therefore, Brooks had Chandler maintain its separate incorporation and independent accounting information system as elements of continuing value.

On December $31,2024,$ each company submitted the following financial statements for consolidation. Dividends were declared and paid in the same period.

$\backslash$table$[[$Income Statement $,$ Accounts,$\backslash$table$[[$Brooks$],[$Corporation$]],\backslash$table$[[$Chandler$],[$Incorporaiged$]]],[$Revenues$,$$$(590,000),$$$(641,000)$