Parkovash, Incorporated, obtained $100$ percent of Salerno Company's common stock on January $1,2023,$ by issuing $8,500$ shares of $$10$ par value common stock. Parkovash's shares had a $$15$ per share fair value. On that date, Salerno reported a net book value of $$88,750.$ However, its equipment $($with a $5-$year remaining life$)$ was undervalued by $$7,250$ in the company's accounting records. Also, Salerno had developed computer software with an assessed value of $$31,500,$ although no value had been recorded on Salerno's books. The computer software had an estimated remaining useful life of $10$ years.

The following balances come from the individual accounting records of these two companies as of December $31,2023$:

$\backslash$table$[[$Items$,$Parkovash,Salerno$],[$Revenues$,$$$(692,000),$$$(275,000)$