On June $30,2024,$ P$.$ Incorporated acquired $80$ percent of S Company's outstanding stock. The following information is available for $S$ :

At acquisition date, $S$ reported the following book values for its assets and liabilies:

$\backslash$table$[[,$BV $1/1/2024,$FV $1/1/2024,$BV $6/30/24,$FV $6/30/24],[$Cash$,$$$49,000,$$$49,000,$$$52,300,$$$52,300$