On May 31, 2026, Sunland Company paid $3,395,000 to acquire all of the common stock of Carla Vista Corporation, which became a division of Sunland. Carla Vista reported the following balance sheet at the time of the acquisition: Current assets $873,000 Current liabilities $582,000 Noncurrent assets 2,619,000 Long-term liabilities 485,000 Stockholder's equity 2,425,000 Total assets $3,492,000 Total liabilities and stockholder's equity $3,492,000 It was determined at the date of the purchase that the fair value of the identifiable net assets of Carla Vista was $3,007,000. At December 31, 2026, Carla Vista reports the following balance sheet information: Current assets $776,000 Noncurrent assets (including goodwill recognized in purchase) 2,328,000 Current liabilities (679,000) Long-term liabilities (485,000) Net assets $1,940,000 It is determined that the fair value of the Carla Vista division is $2,134,000.