Parent acquired a 60% interest in Sub: On January 1, 2019 Purchase price 450,000 over book value The AAP was 600,000 Assigned 450,000 to a patent with remaining life 10 years Assigned 150,000 to goodwill On December 31, 2025, the Sub had Stockholders' Equity of 841,000, as follows: Common stock, 92,100 APIC 308,900 Retained Earnings, 440,000 Sub's net income for the period ending December 31, 2025 was 60,000 Sub paid dividends of 12,000 during the period Sub regularly sells inventory to parent Sales in 2024 = 305,000 Sales in 2025 = 500,000 Deferred gross prot 2024 = 25,000 2025 = 26,075