Herbert, Incorporated, acquired all of Rambis Company$$s outstanding stock on January $1,2023,$ for $$574,000$ in cash. Annual excess amortization of $$12,000$ results from this transaction. On the date of the takeover, Herbert reported retained earnings of $$400,000,$ and Rambis reported a $$200,000$ balance. Herbert reported internal net income of $$40,000$ in $2023$ and $$50,000$ in $2024$ and declared $$10,000$ in dividends each year. Rambis reported net income of $$20,000$ in $2023$ and $$30,000$ in $2024$ and declared $$5,000$ in dividends each year.