On January $1,2024,$ Casey Corporation exchanged $$3,209,000$ cash for $100$ percent of the outstanding voting stock of Kennedy Corporation. Casey plans to maintain Kennedy as a wholly owned subsidiary with separate legal status and accounting information systems.

At the acquisition date, Casey prepared the following fair$-$value allocation schedule:

Immediately after closing the transaction, Casey and Kennedy prepared the following postacquisition balance sheets from their separate financial records $($credit balances in parentheses$).$

$\backslash$table$[[$Accounts$,$Casey,Kennedy$],[$Cash$,$$$436,000,$$$172,500$