On January $1,2023,$ Perlman Corporation exchanged $$1,710,000$ cash for $90$ percent of the outstanding voting stock of Stein Company. The consideration transferred by Perlman provided a reasonable basis for assessing the total January $1,2023,$ fair value of Stein Company. At the acquisition date, Stein reported the following owners' equity amounts in its balance sheet:

$\backslash$table$[[$Common stock,$$400,000$