On January $1,20$X$8,$ Pierce Corporation acquired $90$ percent of Sharp Company's voting stock, at underlying book value. The fair value of the noncontrolling interest was equal to $10$ percent of the book value of Sharp at that date. The amount of accumulated depreciation to eliminate is $$50,000.$ Pierce uses the equity method in accounting for its ownership of Sharp. On December $31,20x8,$ the trial balances of the two companies are as follows:

$\backslash$table$[[,$Pierce Company,Sharp Corporation$],[,$Debit,Credit,Debit,Credit$],[$Current Assets,$$225,500,,$$$145,000,],[$Depreciable Assets,$300,000,,225,000,$cildared$],[\backslash$table$[[$Investment in Sharp$],[$Corp$.]],144,000,,,],[$Depreciation Expense,$30,000,,25,000,],[$Other Expenses,$180,000,,85,000,],[$Dividends Declared,$40,000,,10,000,],[\backslash$table$[[$Accumulated$],[$Depreciation$]],,$$$150,000,,$$$100,000$