Placid Lake Corporation acquired $70$ percent of the outstanding voting stock of Scenic, Incorporated, on January $1,2023,$ when Scenic had a net book value of $$470,000.$ Any excess fair value was assigned to intangible assets and amortized at a rate of $$5,000$ per year.

Placid Lake's $2024$ net income before consideration of its relationship with Scenic $($and before adjustments for intra$-$entity sales$)$ was $$370,000.$ Scenic reported net income oi $$180,000.$ Placid Lake declared $$170,000$ in dividends during this period; Scenic paid $$47,000.$ At the end of $2024,$ selected figures from the two companies' balance sheets were as follows:

$\backslash$table$[[$Items$,$Placid Lake,Scenic$],[$Inventory$,$$$210,000,$$$97,000$