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On January 1, 2018 Casey Corporation exchanged $3,282,000 cashfor 100 percent of the outstanding voting stock of KennedyCorporation. Casey plans to maintain Kennedy as a wholly ownedsubsidiary with separate legal status and accounting informationsystems.

At the acquisition date, Casey prepared the following fair-valueallocation schedule:

Fair value of Kennedy(consideration transferred)					$	3,282,000
Carrying amount acquired						2,600,000
Excess fair value					$	682,000
to buildings (undervalued)	$	353,000
to licensing agreements(overvalued)		(128,000	)			225,000
to goodwill (indefinitelife)					$	457,000

Immediately after closing the transaction, Casey and Kennedyprepared the following postacquisition balance sheets from theirseparate financial records.

Accounts	Casey				Kennedy
Cash	$	441,000			$	174,000
Accounts receivable		1,255,000				323,000
Inventory		1,270,000				992,000
Investment in Kennedy		3,282,000				0
Buildings (net)		5,587,500				1,880,000
Licensing agreements		0				3,010,000
Goodwill		963,500				0
Total assets	$	12,799,000			$	6,379,000
Accounts payable	$	(329,000	)		$	(399,000	)
Long-term debt		(3,470,000	)			(3,380,000	)
Common stock		(3,000,000	)			(1,000,000	)
Additional paid-in capital		0				(500,000	)
Retained earnings		(6,000,000	)			(1,100,000	)
Total liabilities andequities	$	(12,799,000	)		$	(6,379,000	)

Prepare an acquisition-date consolidated balance sheet for CaseyCorporation and its subsidiary Kennedy Corporation.(Negative amounts should be indicated by a minussign.)