Culver Inc acquired $102,000$ common shares, which is $25\%$ of the outstanding common shares, of Tahiti Ltd$.$ on January $1,2023$ for $$606,900.$ At the time of purchase, Tahiti Ltd$\text{'}$s depreciable assets were undervalued by $$33,600.$ The depreciable assets had a remaining useful life of $5$ years with no salvage value. Tahiti Ltd$.$ declared and paid a cash dividend of $$0\mathrm{.}35$ per share on July $31,2023.$

Tahiti Ltd$.$ reported $$1\mathrm{.}2$ million as net income on December $31,2023$ for the year ending on this date. Assume that Culver Inc. is in a position to exercise significant influence over Tahiti Ltd$,$ and tipat Culver follows IFRS.