Patriot, Incorporated, obtained all of the outstanding shares of Sandstone on June $30$ by issuing $20,000$ shares of common stock having a $$1$ par value but a $$50$ fair value. Patriot incurred $$10,000$ in stock issuance costs and paid $$50,000$ to an investment banking firm for its assistance in arranging the combination. In negotiating the final terms of the deal, Patriot also agrees to pay $$75,000$ to Sandstone$$s former owners if it achieves certain revenue goals in the next two years. Patriot estimates the probability adjusted present value of this contingent performance obligation at $$22,500.$