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 $$630,000.$ At the acquisition date, the falr value of the noncontrolling interest was $$420,000$ and Bellstar's book value was $$840,000.$ Bellstar had developed internally a trademark that was not recorded on its books but had an acquisition$-$date falr value of $$210,000.$ 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 $$55,000$ on January $2,2023,$ for $$120,000.$ Bellstar still holds this land at the end of the current year.

Bellstar regularly transfers inventory to Abbey. In $2023,$ it shipped inventory costing $$169,000$ to Abbey at a price of $$260,000.$ During $2024,$ Intra$-$entity shipments totaled $$310,000,$ although the original cost to Bellstar was only $$186,000.$ In each of these years, $20$ percent of the merchandise was not resold to outside parties until the perlod following the transfer. Abbey owes Bellstar $$60,000$ at the end of $2024.$

$\backslash$table$[[$Items$,$Abbey Company,Bellstar Company$],[$Sales$,$$$(910,000),$$$(610,000)$