On January $1,2022,$ Aspen Company acquired $80$ percent of Birch Company's voting stock for $$396,000.$ Birch reported a $$420,000$ book value, and the fair value of the noncontrolling interest was $$99,000$ on that date. Then, on January $1,2023,$ Birch acquired $80$ percent of Cedar Company for $$188,000$ when Cedar had a $$181,000$ book value and the $20$ percent noncontrolling interest was valued at $$47,000.$ In each acquisition, the subsidiary's excess acquisition$-$date fair over book value was assigned to a trade name with a $30-$year remaining life.

These companies report the following financial information. Investment income figures are not included.

$\backslash$table$[[$Items$,2022,2023,2024],[$Sales:$],[$Aspen Company,$ $560,000,$$$790,000,$$$847,500$