On January $1,$ Beckman, Inc., acquires $60$ percent of the outstanding stock of Calvin for $$39,024.$ Calvin Co$.$ has one recorded asset, a specialized production machine with a book value of $$10,400$ and no liabilities. The fair value of the machine is $$51,400,$ and the remaining useful life is estimated to be $10$ years. Any remaining excess fair value is attributable to an unrecorded process trade secret with an estimated future life of $4$ years. Calvin's total acquisition date fair value is $$65,040.$

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

$\backslash$table$[[\backslash$table$[[$Revenues$],[$Expenses$]],$$$,\backslash$table$[[65,250],[29,700]],\backslash$table$[[$Machine$],[$Other assets$]],\backslash$table$[[$$$9,36$