On January $1,2023,$ French Company acquired $60$ percent of K$-$Tech Company for $$319,500$ when K$-$Tech$$s book value was $$419,500.$ The fair value of the newly comprised $40$ percent noncontrolling interest was assessed at $$213,000.$ At the acquisition date, K$-$Tech's trademark $(20-$year remaining life$)$ was undervalued in its financial records by $$80,000.$ Also, patented technology $(10-$year remaining life$)$ was undervalued by $$33,000.$In $2023,$ K$-$Tech reports $$23,500$ net income and declares no dividends. At the end of $2024,$ the two companies report the following figures $($stockholders$$ equity accounts have been omitted$)$:Note: Parentheses indicate a credit balance.