Placid Lake Corporation acquired $70$ percent of the outstanding voting stock, of Scenic, Inc., on January $1,2020,$ when Scenic had a net book value of $$530,000.$ Any excess fair value was assigned to intangible assets and amortized at a rate of $$6,000$ per year.

Placid Lake's $2021$ net income before consideration of its relationship with Scenic $($and before adjustments for intra$-$entity sales$)$ was $$430,000.$ Scenic reported net income of $$240,000.$ Placid Lake declared $$120,000$ in dividends during this period; Scenic paid $$53,000.$ At the end of $2021,$ selected figures from the two companies' balance sheets were as follows:

$\backslash$table$[[,$Placid Lake,Scenic$],[$Inventory$,$$$270,000,$$$103,000$