Pop Corporation acquired $70$ percent of Soda Company's voting common shares on January $1,202,$ for $$114,800.$ At that date, the noncontrolling interest had a fair value of $$49,200$ and Soda reported $$70,000$ of common stock outstanding and retained earnings of $$25,000.$ The differential is assigned to buildings and equipment, which had a fair value $$22,000$ higher than book value and a remaining $10-$year life, and to patents, which had a fair value $$47,000$ higher than book value and a remaining life of five years at the date of the business combination. Trial balances for the companies as of December $31,20$X$3,$ are as follows:

$\backslash$table$[[$Item$,$Pop Corporation,Soda Company$],[$Debit$,$Credit,Debit,Credit$],[$Cash and Accounts Receivable,$$17,400,,$$$23,600,],[$Inventory$,167,000,,37,000,],[$Land$,82,000,,42,000,],[$Buildings and Equipment,$360,000,,262,000,],[$Investment in Soda Company,$117,100,,,$t$],[$Cost of Goods Sold,$188,000,,81,800,],[$Depreciation Expense,$25,000,,20,000,],[$Interest Expense,$18,000,,7,200,],[$Dividends Declared,$32,000,,17,000,],[$Accumulated Depreciation,,$$142,000,,$$$90,000$

$$