Placid Lake Corporation acquired $80$ percent of the outstanding voting stock of Scenic, Inc., on January $1,2020,$ when Scenic had a net book value of $$400,000.$ Any excess fair value was assigned to intangible assets and amortized at a rate of $$5,000$ per year.

Placid Lake's $2021$ net income before consideration of its relationship with Scenic $($and before adjustments for intra$-$entity sales$)$ was $$300,000.$ Scenic reported net income of $$110,000.$ Placid Lake declared $$100,000$ in dividends during this period; Scenic paid $$40,000.$ At the end of $2021,$ selected figures from the two companies' balance sheets were as follows:

$\backslash$table$[[,$Placid Lake,Scenic$],[$Inventory$,$$$140,000,$$$90,000$