On January $1,2024,$ Casey Corporation exchanged $$3,298,000$ cash for $100$ percent of the outstanding voting stock of Kennecty Corporation. Casey plans to maintain Kennedy as a wholly owned subsidiary with separate legal status and accounsing information systems

As the acquisition date. Casey prepared the following fair$-$value allocation schedule.

$\backslash$table$[[$Fatr value of kennedy $($constderation transferred$),,3,258,000$