Price Corporation acquired $100$ percent ownership of Saver Company on January $1,208,$ for $$173,000.$ At that date, the falr value of Saver's bulldings and equipment was $$38,000$ more than the book value. Bulldings and equipment are depreclated on a $10-$year basis. Although goodwill is not amortized, Price's management concluded at December $31,20$X$8,$ that goodwill Involved in its acquisition of Saver shares had been impaired and the correct carrying value was $$7,000.$

Trial balance data for Price and Saver on December $31,208,$ are as follows:

$\backslash$table$[[$Item$,$Price Corporation,Saver Company$],[$Debit$,$Credit,Debit,Credit$],[$Cash$,$$$24,000,,$$$30,000,],[$Accounts Receivable,$79,000,,16,500,],[$Inventory$,99,000,,34,000,],[$Land$,39,000,,24,000,],[$Buildings and Equipment,$331,000,,159,000,],[$Investment in Saver Company,$154,700,,,],[$Cost of Goods Sold,$134,000,,113,000,],[$Wage Expense,$74,500,,31,500,],[$Depreciation Expense,$29,500,,14,500,],[$Interest Expense,$16,500,,8,560,],[$Other Expenses,$31,500,,27,500,],[$Dividends Declared,$39,000,,20,560,],[$Accumulated Depreciation,,$$149,500,,$$$85,000$