The separate condensed balance sheets of Patrick Corporation and its wholly$-$owned subsidiary, Sean Corporation, are as follows:

Additional Information:

On December $31,2023,$ Patrick acquired $100$ percent of Sean's voting stock in exchange for $$462,000.$

At the acquisition date, the fair values of Sean's assets and liabilities equaled their carrying amounts, respectively, except that the fair value of certain items in Sean's inventory were $$20,000$ more than their carrying amounts.

Q: In December $31,2023,$ consolidated balance sheet of Patrick and its subsidiary, what amount of total assets should be reported?