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On January $1,2024,$ Acme and Beta acted together as co$-$acquirers of $80$ percent of Cade Company's outstanding common stock. The total price of these shares was $$264,000,$ indicating neither goodwill nor other specific fair$-$value allocations. Each company put up one$-$half of the consideration transferred.

ItemsAcme CorporationBeta CompanyCade CompanySales and other revenues$ $(1,020,695)$$ $(864,380)$$ $(322,500)$Cost of goods sold$570,000338,000152,000$Operating expenses$290,000317,50097,700$Income of Beta Company$(157,185)00$Income of Cade Company$(29,120)(29,120)0$Net income$ $(347,000)$$ $(238,000)$$ $(72,800)$Retained earnings, $1/1/24$$ $(894,000)$$ $(633,000)$$ $(180,000)$Net income $($above$)(347,000)(238,000)(72,800)$Dividends declared$100,00096,00050,000$Retained earnings, $12/31/24$$ $(1,141,000)$$ $(775,000)$$ $(202,800)$Cash and receivables$ $11,065$$ $227,880$$ $76,500$Inventory$405,950490,000121,400$Investment in Beta Company$956,86500$Investment in Cade Company$141,120141,1200$Buildings$469,000356,000203,000$Equipment$431,000147,00094,600$Land$274,000321,00020,300$Total assets$ $2,689,000$$ $1,683,000$$ $515,800$Liabilities$ $(728,000)$$ $(598,000)$$ $(163,000)$Common stock$(820,000)(310,000)(150,000)$Retained earnings, $12/31/24(1,141,000)(775,000)(202,800)$Total liabilities and equities$ $(2,689,000)$$ $(1,683,000)$$ $(515,800)$

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