Calculation of the cumulative translation adjustment and the allocation of such between controlling and non-controlling interests. Prospect International, a U.S. company, acquired an 80% controlling interest in the equity of a foreign corporation, Aspic Developments. At the time of the acquisition, January 1, 2014, Prospect paid 880,000 foreign currency (FC) for its interest, which was considerably more than the proportionate amount of book value equity of the subsidiary. The parent's cost in excess of Aspic's book value was to be allocated as follows:

Condensed financial values, expressed in FC, related to the subsidiary are as follows:

The dividends are paid in equal amounts on March 31 and September 30 of each year. The 2015 issuance of common stock occurred on November 1, 2015, and Prospect continued to hold an 80% interest.
The subsidiary's functional currency is the FC, and relevant exchange rates between the FC and the U.S. dollar are as follows:

Required
1. Calculate the cumulative translation adjustment traceable to each year 2014 and 2015.
2. Given the consolidated balance sheet at the end of 2014 and 2015, calculate the amount of the cumulative translation adjustment that is traceable to the controlling and non-controlling interest?

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Item Value in FC Comment Undeveloped land. Equipment Licensing agreements 0,000 To be held for future development. 120,000 To be depreciated over 15 years using straightine. 80,000 To be amortized over 5 years using straight-ine. 110,000 To be tested for impairment annually. 400,000 For the Year Ended December 31 2013 2014 2015 Total assets - Total liabilities Net assets .. 740,000 830,000 870,000 990,000 600,000 300,000 220,000 730,000 300,000 300,000 Common stock (beginning) Common stock isssuan Retained earnings (beginning) Net income Dividends paid. Total equity 300,000 100,000 430,000 210,000 50,000)(50,000 990,000 120,000 180,000 600,000 730,000 2013 2014 2015 March 31 Yearly average September 30 November1 December 31 $1.10 1.20 1.25 1.34 1.50 $1.52 1.44 1.42 1.40 1.38 $1.40 1.43 1.39 1.42 1.45