On January 1, 2018 Casey Corporation exchanged $3,271,000 cash for 100 percent of the outstanding voting stock of Kennedy Corporation. Casey plans to maintain Kennedy as a wholly owned subsidiary with separate legal status and accounting information systems. At the acquisition date, Casey prepared the following fair-value allocation schedule:

Fair value of Kennedy (consideration transferred) $ 3,271,000 Carrying amount acquired 2,600,000 Excess fair value $ 671,000 to buildings (undervalued) $ 378,000 to licensing agreements (overvalued) (188,000 ) 190,000 to goodwill (indefinite life) $ 481,000 Immediately after closing the transaction, Casey and Kennedy prepared the following postacquisition balance sheets from their separate financial records. Accounts Casey Kennedy Cash $ 493,000 $ 142,500 Accounts receivable 1,315,000 288,000 Inventory 1,460,000 343,500 Investment in Kennedy 3,271,000 0 Buildings (net) 5,812,500 1,930,000 Licensing agreements 0 3,090,000 Goodwill 448,500 0 Total assets $ 12,800,000 $ 5,794,000 Accounts payable $ (380,000 ) $ (384,000 ) Long-term debt (3,420,000 ) (2,810,000 ) 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 and equities $ (12,800,000 ) $ (5,794,000 )

Prepare an acquisition-date consolidated balance sheet for Casey Corporation and its subsidiary Kennedy Corporation.