On January 1, 2021, Alamar Corporation acquired a 41 percent interest in Burks, Inc., for $233,000. On that date, Burks’s balance sheet disclosed net assets with both a fair and book value of $320,000. During 2021, Burks reported net income of $82,000 and declared and paid cash dividends of $28,000. Alamar sold inventory costing $25,000 to Burks during 2021 for $35,000. Burks used all of this merchandise in its operations during 2021.