Northwest Paperboard Company, a paper and allied products manufacturer, was seeking to gain a foothold in Canada. Toward that end, the company bought 40% of the outstanding common shares of Vancouver Timber and Milling, Incorporated on January 2, 2024, for $540 million. At the date of purchase, the book value of Vancouver's net assets was $845 million. The book values and fair values for all balance sheet items were the same except for inventory and plant facilities. The fair value exceeded book value by $5 million for the inventory and by $30 million for the plant facilities. The estimated useful life of the plant facilities is 15 years. All inventory acquired was sold during 2024. Vancouver reported net income of $160 million for the year ended December 31, 2024. Vancouver paid a cash dividend of $50 million. Required: