Problem $4-22($Static$)($LO $4-2,4-4,4-5)$

On January $1,$ Beckman, Incorporated, acquires $60$ percent of the outstanding stock of Calvin for $$36,000.$ Calvin Company has one recorded asset, a specialized production machine with a book value of $$10,000$ and no liabilities. The fair value of the machine is $$50,000,$ and the remaining useful life is estimated to be $10$ years. Any remaining excess fair value is attributable to an unrecorded process trade secret with an estimated future life of $4$ years. Calvin's total acquisition date fair value is $$60,000.$

At the end of the year, Calvin reports the following in its financial statements:

$\backslash$table$[[\backslash$table$[[$Revenues$],[$Expenses$]],\backslash$table$[[$$$50,000$