Prime Company holds $80$ percent of Suspect Company's stock, acquired on January $1,202,$ for $$160,000.$ On the acquisition date, the fair value of the noncontrolling interest was $$40,000.$ Suspect reported retained earnings of $$50,000$ and had $$100,000$ of common stock outstanding. Prime uses the fully adjusted equity method in accounting for its investment in Suspect.

Trial balance data for the two companies on December $31,206,$ are as follows:

$\backslash$table$[[$Item$,$Prime Company,Suspect Company$],[$Debit$,$Credit,Debit,Credit$],[$Cash and Accounts Receivable,$$113,000,,$$$35,000,],[$Inventory$,260,000,,90,000,],[$Land$,80,000,,80,000,],[$Buildings and Equipment,$500,000,,150,000,],[$Investment in Suspect Company,$191,600,,,],[$Cost of Goods Sold,$140,000,,60,000,],[$Depreciation and Amortization Expense,$25,000,,15,000,],[0$ther Expenses,$15,000,,5,000,],[$Dividends Declared,$30,000,,5,000,],[$Accumulated Depreciation,,$$205,000,,$$$45,000$