On January 1, 2019, Cale Corp paid $1,020,000 to acquire Kaltop Co Kaltop maintained separate incorporation. Cale used the equity method to account for the investment. The following information is available for Kaltop's assets, liabilities, and stockholders' equity accounts on January 1, 2019: Fair Value Current assets Land Building (twenty year life) Equipment (ten year life) Current liabilities Long-term liabilities Common stock Additional paid -in capital Retained earnings Book Value $ 120,000 75,000 235,000 540,000 24,000 120,000 228,000 887,000 211,000 $ 120,000 192,000 268,000 516,000 24,000 120,000 Kaltop earned net income for 2019 of $125,000 and paid dividends of $46,000 during the year. Calculate the 2019 total excess amortization of fair-value allocations. What is the balance in Cale's investment in subsidiary account at the end of 2019