Prime Company holds $80$ percent of Suspect Company's stock, acquired on January $1,202,$ for $$174,000.$ On the acquisition date, the fair value of the noncontrolling interest was $$43,500.$ 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 $31,20$X$6,$ are as follows:

$\backslash$table$[[$Item$,$Prime Company,Suspect Company$],[$Debit$,$Credit,Debit,Credit$],[$Cash and Accounts Receivable,$$116,000,,$$$34,000,],[$Inventory$,257,000,,89,000,],[$Land$,90,000,,90,000,],[$Buildings and Equipment,$530,000,,150,000,],[$Investment in Suspect Company,$229,990,,,],[$Cost of Goods Sold,$150,800,,78,200,],[$Depreciation and Amortization Expense,$26,500,,15,000,],[$Other Expenses,$17,000,,4,000,],[$Dividends Declared,$30,000,,5,000,],[$Accumulated Depreciation,,$$217,300,,$$$45,000$