On January $1,$ Beckman, Incorporated, acquires $60$ percent of the outstanding stock of Calvin for $$59,232.$ Calvin Company has one recorded asset, a specialized production machine with a book value of $$19,500$ and no liabilities. The fair value of the machine is $$87,000,$ and the remaining useful life is estimated to be $10$ years. Any remaining excess fair value is attributable to an unrecorded process trade secret with an estimated future life of $4$ years. Calvin's total acquisition date fair value is $$98,720.$

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

$\backslash$table$[[\backslash$table$[[$Revenues$],[$Expenses$]],\backslash$table$[[$$$5,550$