The individual financial statements for Abbey Company and Bellstar Company for the year ending December $31,2024,$ follow. Abbey acquired a $60$ percent interest in Bellstar on January $1,2023,$ in exchange for various considerations totaling $$390,000.$ At the acquisition date, the fair value of the noncontrolling interest was $$260,000$ and Bellstar's book value was $$510,000.$ Bellstar had developed internally a trademark that was not recorded on its books but had an acquisition$-$date fair value of $$140,000.$ This intangible asset is being amortized over $20$ years. Abbey uses the partial equity method to account for its investment in Bellstar.

Abbey sold Bellstar land with a book value of $$65,000$ on January $2,2023,$ for $$130,000.$ Bellstar still holds this land at the end of the current year.

Bellstar regularly transfers inventory to Abbey. In $2023,$ it shipped inventory costing $$133,000$ to Abbey at a price of $$190,000.$ During $2024,$ intra$-$entity shipments totaled $$240,000,$ although the original cost to Bellstar was only $$156,000.$ In each of these years, $20$ percent of the merchandise was not resold to outside parties until the period following the transfer. Abbey owes Bellstar $$60,000$ at the end of $2024.$

$\backslash$table$[[$Items$,$Abbey Company,$\backslash$table$[[$Bellstar$],[$Company$]]],[$Sales$,$$$(840,000),$$$(540,000)$