Protrade Corporation acquired $70$ percent of the outstanding voting stock of Seacraft Company on January $1,2020,$ for $$458,500$ in cash and other consideration. At the acquisition date, Protrade assessed Seacraft's identifiable assets and liabilities at a collective net fair value of $$655,000,$ and the fair value of the $30$ percent noncontrolling interest was $$196,500.$ No excess fair value over book value amortization accompanied the acquisition.

The following selected account balances are from the individual financial records of these two companies as of December $31,2021$:

$\backslash$table$[[$Sales$,$Protrade,Seacraft$],[$Cost of goods sold,$$770,000,$$$490,000$