On January $1,2024,$ Cullunnber Company, a public company, purchased $40\%$ of the common shares of Triple Titanium Inc. for $$575,000.$ The remaining shares $(60\%)$ are held by the family members of the company's founder. Cullumber considers this a strategic investment and a critical step into developing consumer markets. Triple Titanium is currently a supplier to Cullumber. Cullumber placed two members on Triple Titanium's $10-$person board of directors and the two members believe they have been influential on the board through the year. Cullumber and Triple Titanium both have December $31$ year ends.

During $2024,$ Triple Titanium reported profit of $$240,000$ and paid total dividends of $$60,000.$