Herbert, Incorporated, acquired all of Rambis Company$$s outstanding stock on January $1,2023,$ for $$644,000$ in cash. Annual excess amortization of $$15,000$ results from this transaction. On the date of the takeover, Herbert reported retained earnings of $$447,000,$ and Rambis reported a $$244,000$ balance. Herbert reported internal net income of $$48,500$ in $2023$ and $$67,400$ in $2024$ and declared $$10,000$ in dividends each year. Rambis reported net income of $$23,900$ in $2023$ and $$42,800$ in $2024$ and declared $$5,000$ in dividends each year.