On January $1,2024,$ Platform Company exchanged $$940,000$ for $40$ percent of the outstanding voting stock of Vector Company. Especially attractive to Platform was a research project underway at Vector that wouldenhance both the speed and quantity of clientaccessible data. Although not recorded in Vector's financial records, the fair value of the research project was considered to be $$$1,900,000$ : Also Vector possessed unpatented technology with a fair value of $$310,000.$

In contractual agreements with the sole owner of the remaining $60$ percent of Vector, Platform was granted $(1)$ various decision$-$making rights over Vector's operating decisions and $(2)$ special service purchase provisions at below$-$market rates. As a result of these contractual agreements, Platform established itself as the primary beneficiary of Vector. Immediately after the purchase, Platform and Vector presented the following balance sheets:

$($Note: Parentheses indicate credit balances.$)$

$\backslash$table$[[$Accounts$,$Platform,Vector$],[$Cash$,$$ $55,000,$$ $35,000],[$Investment in Vector,$940,000,],[$Capitalized software,$975,000,150,000],[$Computer equipment,$1,060,000,50,000],[$Communications equipment,$910,000,330,000],[$Patent$,,185,000],[$Total assets,$ $3,940,000,$$ $750,000],[$Long$-$term debt,$ $(935,000),$$ $(610,000)$