A parent company acquired $100$ percent of the stock of a subsidiary company on January $1,2018,$ for $$270,000.$ On this date, the balances of the subsidiary$$s stockholders$$ equity accounts were Common Stock, $$163,800,$ and Retained Earnings, $$17,640.$

On January $1,2018,$ the subsidiary$$s recorded book values were equal to fair values for all items except four: $(1)$ accounts receivable had a book value of $$50,400$ and a fair value of $$45,360,(2)$ buildings and equipment, net had a book value of $$44,100$ and a fair value of $$66,780,(3)$ the Customer list intangible asset had a book value of $$12,600$ and a fair value of $$65,520,$ and $(4)$ notes payable had a book value of $$27,000$ and a fair value of $$25,200.$ Both companies use the FIFO inventory method and sell all of their inventories at least once per year. The net balance of accounts receivable is collected in the following year. On the acquisition date, the subsidiary$$s buildings and equipment, net had a remaining useful life of $6$ years, the customer list had a remaining useful life of $7$ years and notes payable had a remaining term of $4$ years.

On January $1,2021,$ the parent sold a building to the subsidiary for $$81,900.$ On this date, the building was carried on the parent$$s books $($net of accumulated depreciation$)$ at $$63,000.$ Both companies estimated that the building has a remaining life of $6$ years on the intercompany sale date, with no salvage value.

Each company routinely sells merchandise to the other company, with a profit margin of $25$ percent of selling price $($regardless of the direction of the sale$).$ During $2022,$ intercompany sales amount to $$18,900,$ of which $$10,080$ of merchandise remains in the ending inventory of the parent. On December $31,2021,$ intercompany sales amount to $$22,500,$ and on December $31,2021,$ $$3,600$ of these intercompany sales remained unpaid. Following are pre$-$consolidation financial statements of the parent and its subsidiary for the year ended December $31,2022.$ The parent uses the equity method of pre$-$consolidation investment bookkeeping.