Porter Company acquired all of the voting stock of Seward Company on January 1, 2022 for $60,000. Seward Company's book value at the date of acquisition totaled $8,000. Seward had previously unrecorded identifiable intangibles with a total fair value of $20,000 (5-year life, straight-line), and all of Seward's other identifiable net assets had book values that approximated fair value at the date of acquisition. There is no goodwill impairment. It is now December 31, 2024 (three years since the date of acquisition). The December 31,2024 preclosing trial balances of both companies appear on the consolidation working paper below. Porter uses the complete equity method to account for its investment in Seward on its own books. Information on intercompany transactions is as follows: 1. Seward sells merchandise to Porter at a markup of 20% on cost. Porter's inventory at January 1,2024 contains $960 in merchandise purchased from Seward. Porter's inventory at December 31, 2024 contains $1,200 in merchandise purchased from Seward. Total sales from Seward to Porter during 2024 were $30,000. 2. Porter sold plant assets to Seward at a gain of $1,000 on January 1,2023 (two years ago). Remaining life of the plant assets at the date of sale to Seward was 10 years, straight-line. Fill in the blanks for the items below. Do NOT use dollar signs. Use the 11,111 format to