Parent acquired Subsidiary on January $1,20$ at a price $$1,350,000$ in excess of book value. of that excess, $$1,050,000$ was allocated to an unrecorded patent with a $10-$year life, with the remainder to goodwill. The parent uses the equity method to account for its investment in its subsidiary. In $2$XX$1,$ Subsidiary sold to Parent land having a book value of $$270,000$ for a total price of $$732,000.$ Parent sold the land to an unaffiliated party for $$1,500,000$ during $2x2.$ Financial statements of the two companies for the year ended December $31,2$XX$2$ are presented below.

$\backslash$table$[[,$Parent,Subsidiary$],[$Income Statement,,$],[$Sales revenue,$$22,500,000,$$$7,350,000$