Diamond Company owns $80$ percent of Emerald, and Emerald owns $90$ percent of Sapphire, Incorporated. Separate operating income totals for the current year follow; they contain no investment income. None of these acquisitions required amortization expense. Included in Sapphire's income is a $$21,000$ intra$-$entity gain on transfers to Emerald still in Emerald's possession.

$\backslash$table$[[$Items$,$Diamond,Emerald,Sapphire$],[$Separate operating income,$$342,000,$$$225,000,$$$241,000$