On January 1, 2018 Casey Corporation exchanged $3,252,000 cash for 100 percent of the outstanding voting stock of Kennedy Corporation. Casey plans to maintain Kennedy as a wholly owned subsidiary with separate legal status and accounting information systems.

At the acquisition date, Casey prepared the following fair-value allocation schedule:

Fair value of Kennedy (consideration transferred)					$	3,252,000
Carrying amount acquired						2,600,000
Excess fair value					$	652,000
to buildings (undervalued)	$	331,000
to licensing agreements (overvalued)		(152,000	)			179,000
to goodwill (indefinite life)					$	473,000

Immediately after closing the transaction, Casey and Kennedy prepared the following postacquisition balance sheets from their separate financial records.

Accounts	Casey				Kennedy
Cash	$	500,000			$	155,250
Accounts receivable		1,430,000				322,000
Inventory		1,415,000				214,750
Investment in Kennedy		3,252,000				0
Buildings (net)		5,902,500				2,340,000
Licensing agreements		0				2,830,000
Goodwill		291,500				0
Total assets	$	12,791,000			$	5,862,000
Accounts payable	$	(311,000	)		$	(462,000	)
Long-term debt		(3,480,000	)			(2,800,000	)
Common stock		(3,000,000	)			(1,000,000	)
Additional paid-in capital		0				(500,000	)
Retained earnings		(6,000,000	)			(1,100,000	)
Total liabilities and equities	$	(12,791,000	)		$	(5,862,000	)

Prepare an acquisition-date consolidated balance sheet for Casey Corporation and its subsidiary Kennedy Corporation. (Negative amounts should be indicated by a minus sign.)