Protrade Corporation acquired $70$ percent of the outstanding voting stock of Seacraft Company on January $1,2023,$ for $$542,500$ in cash and other consideration. At the acquisition date, Protrade assessed Seacraft's identifiable assets and liabilities at a collective net fair value of $$775,000,$ and the fair value of the $30$ percent noncontrolling interest was $$232,500.$ 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 $31,2024$:

$\backslash$table$[[$Items$,$Protrade,Seacraft$],[$Sales$,$$$890,000,$$$610,000$