Damon, Inc., acquired $25\%$ of Jolie Enterprises for $$8,000,000$ on October $1,2021.$ The total fair value of Jolie$$s identifiable net assets was $$27,000,000$ on that date, and the total book value of those net assets was $$23,000,000.$ The difference between fair value and book value is attributed to equipment that has a remaining useful life of four years. During $2021$ Jolie recognized net income of $$2,000,000$ and paid dividends of $$1,200,000($$$300,000$ per quarter$).$ Jolie had a fair value of $$36,000,000$ as of December $31,2021.$