Pitino acquired $90$ percent of Brey's outstanding shares on January $1,2022,$ in exchange for $$47,000$ in cash. The sulasidiary's stockholders equlty accounts totaled $$461,000$ and the noncontrolling interest had a fair value of $$53,000$ on that day. However, a building $($with a tenyear nemaling life$)$ in Brey's accounting records was undervalued by $$43,000.$ Pitino assigned the rest of the excess fair value over book value to Brey's patented technalogy $($four$-$year remaining life$).$

Brey reported net income from its own operations of $$79,000$ in $2022$ and $$95,000$ in $2023.$ Brey declared dividends of $$26,500$ in $2022$ and $$30,500$ in $2023.$

Brey selts inveritory to Pitino as follows:

$\backslash$table$[[$Year$,$cost to Brey,$\backslash$table$[[$Transter$],[$P$1]],\backslash$table$[[$Prife$],[$tino$]],$to$,\backslash$table$[[$Imuentory$],[$at Vear$-],[$transter$]],\backslash$table$[[$Renaining$],[$End lat$],[$r price$)]]],[2022,$$$84\mathrm{.}6$eby,,$128,000,,$$$40,,008$