On January $1,20$X$0,$ Peace, Inc., acquired $70$ percent of Silver's outstanding voting stock. No excess fair$-$value amortization resulted from the acquisition. On January $1,20$X$0,$ Peace sold equipment to Silver for $$20,000.$ This asset originally cost $$32,000$ but had a January $1,20$X$0,$ book value of $$16,000.$ At the time of transfer, the equipment's remaining life was estimated to be four years. On December $31,20$X$1,$ Peace and Silver had equipment $($net$)$ of $$200,000$ and $$120,000,$ separately. The balance of Equipment $($net$)$ that would appear on consolidated financial statements for $20$X$1$ would be: