On January 1.2018 Casey Corporation exchanged $3,258,000 cash for 100 percent of the outstanding voting stock of Kennedy Corporation. Casey plans to maintain Kennedy as a wholly owned subsidiary with separate legal status and accounting information systems. ints At the acquisition date, Casey prepared the following fair-value allocation schedule Skipped Fair value of Kennedy (consideration transterred) Carrying anount acquired Excess fair value 3,258,000 658, 000 223,000 eBook to buildings (undervalued) to licensing agreements (overvalued) to goodwi11 (indetinite life) 350,000 (335, 000) References 435,000 Immediately after closing the transaction, Casey and Kennedy prepared the following postacquisition balance sheets from thei separate financial records