Problem $4-18($Static$)($LO $4-2,4-4,4-5)$

On January $1,2024,$ Johnsonville Enterprises, Incorporated, acquired $80$ percent of Stayer Company's outstanding common shares in

exchange for $$3,000,000$cash. The price paid for the $80$ percent ownership interest was proportionately representative of the fair

value of all of Stayer's shares.

At acquisition date, Stayer's books showed assets of $$4,200,000$ and liabilities of $$1,600,000.$ The recorded assets andilities had

fair values equal to their individual book values except that a building $(10-$year remaining life$)$ with book value of $$195,000$ had an

appraised fair value of $$345,000.$ Stayer's books showed a $$175,500$ carrying amount for this building at the end of $2024.$

Also, at acquisition date Stayer possessed unrecorded technology processes $($zero book value$)$ with an estimated fair value of

$$1,000,000$ and a $20-$year remaining life. For $2024,$ Johnsonville reported net income of $$650,000($before recognition of Stayer's

income$),$ and Stayer separately reported earnings of $$350,000.$ During $2024,$ Johnsonville declared dividends of $$85,000$ and Stayer

declared $$50,000$ in dividends.

Required:

Compute the amounts that Johnsonville Enterprises should report in its December $31,2024,$ consolidated financial statements for the

following items: