Nascent, Incorporated, acquires 60 percent of Sea-Breeze Corporation for $414,000 cash on January 1, 2021. The remaining 40 percent of the Sea-Breeze shares traded near a total value of $276,000 both before and after the acquisition date. On January 1,2021 , Sea-Breeze had the following assets and liabilities: The companies' financial statements for the year ending December 31,2024 , follow