The December $31,20$X$8,$ balance sheets for Pint Corporation and its $80$ percent$-$owned subsidiary Saloon Company contained the following summarized amounts:

Pint acquired the shares of Saloon Company on January $1,20$X$8.$ On December $31,20$X$8,$ assume Pint sold inventory to Saloon during $20$X$8$ for $$111,000$ and Saloon sold inventory to Pint for $$303,000.$ Pint's balance sheet contains inventory items purchased from Saloon for $$98,000.$ The items cost Saloon $$58,000$ to produce. In addition, Saloon's inventory contains goods it purchased from Pint for $$31,000$ that Pint had produced for $$18,600.$ Assume Saloon reported net income of $$79,000$ and dividends of $$15,800.$

Required: