On July 1, 2024, Truman Company acquired a 70 percent interest in Atlanta Company in exchange for consideration of $802,250 in cash and equity securities. The remaining 30 percent of Atlantas shares traded closely near an average price that totaled $325,250 both before and after Trumans acquisition. In reviewing its acquisition, Truman assigned a $136,500 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 subsidiarys income was earned uniformly throughout the year. The subsidiary declared dividends quarterly