Scott Co$.$ acquired $70\%$ of Gregg Co$.$ for $$525,000$ on January $01,2023$ when Gregg's book value was $$580,000.$ The Gregg stock was not actively traded. On the date of acquisition, Gregg had equipment $($with a ten$-$year life$)$ that was undervalued in the financial records by $$180,000.$ One year later, the two companies provided the selected amounts shown below. Additionally, no dividends have been paid.

$\backslash$table$[[,$Scott Co$.$ Gregg Co$.,,],[,$Book,Book Fair,$],[,$Value,Value Value,$],[$Current assets,$$912,000,$$$430,000,$$$458,000$