Plug Products owns 80 percent of the stock of Spark Filter Company, which it acquired at underlying book value on August 30, 20X6. At that date, the fair value of the noncontrolling Interest was equal to 20 percent of the book value of Spark Filter. Summarized trial balance data for the two companies as of December 31, 20X8, are as follows: Cash and Accounts Receivable Inventory Buildings and Equipment (net) Investment in Spark Filter Company Cost of Goods Sold Depreciation Expense Current Liabilities Common Stock Retained Earnings Sales Income from Spark Filter Company Total Plug Products Credit Debit Spark Filter Company Credit Debit $ 162,000 $ 106,000 226,000 112,000 279,000 271,200 168,000 40,000 197,000 133,000 30,000 $ 150,200 198,000 458,000 $ 64,000 80,000 280,000 60,000 204,000 230,000 $ 1,146,200 $ 1,146,200 $ 578,000 $ 578,000 On January 1, 20X8, Plug's Inventory contained filters purchased for $80,000 from Spark Filter, which had produced the filters for $60,000. In 20X8, Spark Filter spent $120,000 to produce additional filters, which it sold to Plug for $160,000. By December 31, 20X8, Plug had sold all filters that had been on hand January 1, 20X8, but continued to hold in Inventory $48,000 of the 20X8 purchase from Spark Filter.