On July $1,2024,$ Clearwater Incorporated purchased $6,600$ shares of the outstanding common stock of Mountain Corporation at a cost of $$146,000.$ Mountain had $33,000$ shares of outstanding common stock. The total book value and total fair value of Mountain's individual net assets on July $1,2024,$ are both $$730,000.$ The total fair value of the $33,000$ shares of Mountain's common stock on December $31,2024,$ is $$780,000.$ Both companies have a January through December fiscal year. The following data pertains to Mountain Corporation during $2024$:

$\backslash$table$[[$Dividends declared and paid, January $1-$June $30,$$$12,300$