Kelsey Corporation acquired $100$ percent of Snowdon Company's outstanding common stock on January $1$ for $$550,000$ in cash. Snowdon reported net assets with a carrying amount of $$350,000$ at that time. Some of Snowdon's assets either were unreeorded $($having been internatly developed$)$ or had fair values that differed from book values as follows:

$\backslash$table$[[,\backslash$table$[[$Book$],[$Values$]],\backslash$table$[[$Fair$],[$Values$]]],[$Trademarks $($indefinite life$).,$$$60,000,$$$160,000$