Protrade Corporation acquired $80$ percent of the outstanding voting stock of Seacraft Company on January $1,2020,$ for $$468,000$ in cash and other consideration. At the acquisition date, Protrade assessed Seacraft's identifiable assets and liabilities at a collective net fair value of $$585,000,$ and the fair value of the $20$ percent noncontrolling interest was $$117,000.$ No excess fair value over book value amortization accompanied the acquisition.

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

$\backslash$table$[[$Sales$,$Protrade,Seacraft$],[$Cost of goods sold,$$700,000,$$$420,000$