The individual financial statements for Abbey Company and Bellstar Company for the year ending December $31,2024,$ follow. Abbey ocquired a $60$ percent interest in Bellstar on January $1,2023,$ in exchange for vorious considerations totaling $$540,000.$ At the ocquisition date, the fair volue of the noncontrolling interest was $$360,000$ and Bellstar's book yalue was $$710,000.$ Bellster had "jeveloped internally o trademark that was nat reconded on its books but had on acquisition$-$date fair value of $$190,000.$ This intangible osset is being omortized over $20$ years. Abbey uses the partial equity method to occount for its investment in Bellstar.

Abbey sold Bellstar land with o book volue of $$90,000$ on January $22023,$ for $$180,000.$ Bellstar still holds this land at the end of the current year

Bellster regularly iransfers inventory to Abbey. In $2023,$ it shipped inventory costing $$144,000$ to Abbey at o price of $$240,000.$ During $2024,$ intro$-$entity shipments totaled $$290,000,$ olthough the originsl cost to Bellstar wss only $$203,000.$ In esch of these years, $20$ percent of the merchandise was not resold to outside parties until the period following the transfer. Abbey owes Bellstar $$50,000$ ot the end of $2024.$

$\backslash$table$[[$Itens$,$Abbry company,Bollstar Corpany$],[$Salet$,1-(890,1000),$$$(590,000)$