$2$ Consolidated Worksheet at End of the Second Year of Ownership $($Equity Method$)$

On January $1,2020,$ Peter Corporation acquired $75$ percent of Student Company's net identifable assets, at underlying book value. The fair value of the noncontrolling interest was equal to $25$ percent of the book value of Sub at that date. Peter uses the equity method in acoounting for its ownership of Sub. On December $31,2022,$ the trial balances of the two companies are as follows:

$\backslash$table$[[$Item$,,$Parent Corporation,Sub Company$],[,$Debit,Credit,Debit,Credit$],[$Current Assets,,$5413,333,,$$$327,500,],[$Depreciable Assets,,$2,000,000,,750,000,],[$Investment in Sub,,$538,125,,SH,$I$],[$Cost of Goods Sold,,$1,750,000,,800000,],[$Depreciation Expense,,$133,333,,62,500,],[$Other Expenses,,$750,000,,100,000,],[$Dividends Declared,,$10,000,,10,000,],[$Accumulated Depreciation,,,S$666,667,,$$$250,000$