On January 1, 2024, Pasture Company acquires 80% of Spring Company for $1,985,920 in cash consideration. The remaining 20 percent noncontrolling interest shares had an acquisition-date estimated fair value of $496,480. Springs acquisition-date total book value was $1,972,000. The fair value of Springs recorded assets and liabilities equaled their carrying amounts. However, Spring had two unrecorded assetsa trademark with an indefinite life and estimated fair value of $284,200 and licensing agreements estimated to be worth $208,800 with four-year remaining lives. Any remaining acquisition-date fair value in the Spring acquisition was considered goodwill. During 2024, Spring reported $199,520 net income and declared and paid dividends totaling $58,000. Al