Problem $7-4$

LO$1$

Peggy Company owns $75\%$ of Sally Inc. and uses the cost method to account for its investment. The following data were taken from the Year $4$ income statements of the two companies:

$\backslash$table$[[,$Pegy,Sally$],[$Revenues$,$$$80,{000}_{?},$$$270,{000}_{?}$