On January $1,20$X$9,$ Peery Company acquired $100$ percent of Standard Company's common shares at underlying book value. Peery uses the equity method in accounting for its ownership of Standard. On December $31,20x9,$ the trial balances of the two companies are as follows:

$\backslash$table$[[$Item$,$Peery Co$.,$Standard Co$.],[$Debit$,$Credit,Debit,Credit$],[$Current Assets,$$238,000,,$$$95,000,],[$Depreciable Assets,$300,000,,170,000,],[$Investment in Standard Co$.,100,000,,,],[$Other Expenses,$90,000,,70,000,],[$Depreciation Expense,$30,000,,17,000,],[$Dividends Declared,$32,000,,10,000,],[$Accumulated Depreciation,,$$120,000,,$$ $85,000],[$Current Liabilities,,$50,000,,30,000],[$Long$-$Term Debt,,$120,000,,50,000],[$Common Stock,,$100,000,,50,000],[$Retained Earnings,,$175,000,,35,000],[$Sales$,,200,000,,112,000],[$Income from Standard Co$.,,25,000,,],[$$$790,000,$$$790,000,$$$362,000,$$$362,000$

Please Answer question $2$ and $3.$