Kelsey Corporation acquired $100$ percent of Snowdon Company's outstanding common stock on January $1$ for $$621,100$ in cash. Snowdon reported net assets wilth a carrying amount of $$381,000$ at that time. Some of Snowdon's assets elther were unrecorded $($having been Internally developed$)$ or had fair values that differed from book values as follows:

$\backslash$table$[[$Asset$,$Book Values,Fair Values$],[$Trademarks $($indefinite life$),$$$100,500,$$$230,500$