On January $1,$ Beckman, Inc., acquires $60$ percent of the outstanding stock of Calvin for $$52,152.$ Calvin Co$.$ has one recorded asset, a specialized production machine with a book value of $$18,500$ and no liabilities. The fair value of the machine is $$75,000,$ and the remaining useful life is estimated to be $10$ years. Any remaining excess fair value is attributable to an unrecorded process trade secret with an estimated future life of $4$ years. Calvin's total acquisition date fair value is $$86,920.$

At the end of the year, Calvin reports the following in its financial statements:

$\backslash$table$[[\backslash$table$[[$Revenues$],[$Expenses$]],\backslash$table$[[$$$54,750$