protrade corporation acquired 80 percent of the outstanding voting stock of seacraft company on january 1, 2020, for $460,000 in cash and other consideration. at the acquisition date, protrade assessed seacraft's identifiable assets and liabilities at a collective net fair value of $575,000, and the fair value of the 20 percent noncontrolling interest was $115,000. 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, 2021: