Phone Corporation owns $80$ percent of Smart Company's stock. At the end of $208,$ Phone and Smart reported the following partia operating results and inventory balances:

$\backslash$table$[[$T$-$t$-7--,\backslash$table$[[$Phone$],[$Corporation$]],$Smart Company$],[\backslash$table$[[$Total sales$],[$Sales to Smart Company$]],\backslash$table$[[\backslash$table$[[$$$679,000$