On May $31,2026,$ Armstrong Company paid $$3,500,000$ to acquire all of the common stock of Hall Corporation, which became a division of Armstrong. Hall reported the following balance sheet at the time of the acquisition:

$\backslash$table$[[\backslash$table$[[$Current$],[$assets$]],$$ $900,000,$Current liabilities,$ $600,000],[$Noncurrent assets,$2,700,000,$Long$-$term liabilities,$500,000],[,,$Stockholders' equity,$2,500,000],[,,$Total liabilities and,$],[\backslash$table$[[$Total$],[$assets$]],$$$3,600,000,$stockholders' equity,$$3,600,000$