Powder Company spent $$240,000$ to acquire all of Sawmill Corporation's stock on January $1,202.$ On December $31,204,$ the trial balances of the two companies were as follows:

$\backslash$table$[[$Item$,$Powder Company,Sawmill Corporation$],[$Debit$,$Credit,Debit,Credit$],[$Cash$,$$$74,000,,$$$42,000,],[$Accounts Receivable,$130,000,,53,000,],[$Land$,60,000,,50,000,],[$Buildings and Equipment,$500,000,,350,000,],[$Investment in Sawmill Corporation,$268,000,,,],[$Cost of Services Provided,$470,000,,130,000,],[$Depreciation Expense,$35,000,,18,000,],[$Other Expenses,$57,000,,60,000,],[$Dividends Declared,$30,000,,12,000,],[$Accumulated Depreciation,,$$265,000,,$$$93,000$