On July 1, 2024, Truman Company acquired a 70 percent interest in Atlanta Company in exchange for consideration of $772,850 in cash and equity securities. The remaining 30 percent of Atlanta's shares traded closely near an average price that totaled $312,650 both before and after Truman's acquisition.

In reviewing its acquisition, Truman assigned a $138,000 fair value to a patent recently developed by Atlanta, even though it was not recorded within the financial records of the subsidiary. This patent is anticipated to have a remaining life of five years.

The following financial information is available for these two companies for 2024. In addition, the subsidiary's income was earned uniformly throughout the year. The subsidiary declared dividends quarterly.

Items	Truman	Atlanta
Revenues	$ (818,160)	$ (458,000)
Operating expenses	483,000	348,000
Income of subsidiary	(28,840)	0
Net income	$ (364,000)	$ (110,000)
Retained earnings, 1/1/24	$ (847,000)	$ (505,000)
Net income (above)	(364,000)	(110,000)
Dividends declared	175,000	50,000
Retained earnings, 12/31/24	$ (1,036,000)	$ (565,000)
Current assets	$ 412,810	$ 392,000
Investment in Atlanta	784,190	0
Land	423,000	216,000
Buildings	760,000	642,000
Total assets	$ 2,380,000	$ 1,250,000
Liabilities	$ (844,000)	$ (365,000)
Common stock	(95,000)	(300,000)
Additional paid-in capital	(405,000)	(20,000)
Retained earnings, 12/31/24	(1,036,000)	(565,000)
Total liabilities and stockholders' equity	$ (2,380,000)	$ (1,250,000)

How is the $921,000 Book Value for atlanta calculated?