Pop Corporation acquired $70$ percent of Soda Company's voting common shares on January $1,202,$ for $$118,300.$ At that date, the noncontrolling interest had a fair value of $$50,700$ and Soda reported $$70,000$ of common stock outstanding and retained earnings of $$31,000.$ The differential is assigned to buildings and equipment, which had a fair value $$24,000$ higher than book value and a remaining $10-$year life, and to patents, which had a fair value $$44,000$ 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 $31,203,$ are as follows:

$\backslash$table$[[$Item$,$Pop Corporation,Soda Company$],[$Debit$,$Credit,Debit,Credit$],[$Cash and Accounts Receivable,$$19,400,,$$$25,600,],[$Inventory$,169,000,,39,000,],[$Land$,84,000,,44,000,],[$Buildings and Equipment,$380,000,,264,000,],[$Investment in Soda Company,$119,280,,,],[$Cost of Goods Sold,$190,000,,83,800,],[$Depreciation Expense,$25,000,,20,000,],[$Interest Expense,$20,000,,9,200,],[$Dividends Declared,$34,000,,19,000,],[$Accumulated Depreciation,,$$144,000,,$$$85,000$