1.

Angela, Inc., holds a 90 percent interest in Corby Company. During 2020, Corby sold inventory costing $156,600 to Angela for $174,000. Of this inventory, $53,200 worth was not sold to outsiders until 2021. During 2021, Corby sold inventory costing $125,600 to Angela for $157,000. A total of $65,400 of this inventory was not sold to outsiders until 2022. In 2021, Angela reported separate net income of $191,000 while Corby's net income was $114,000 after excess amortizations. What is the noncontrolling interest in the 2021 income of the subsidiary?

2.

Parkette, Inc., acquired a 60 percent interest in Skybox Company several years ago. During 2020, Skybox sold inventory costing $210,600 to Parkette for $270,000. A total of 20 percent of this inventory was not sold to outsiders until 2021. During 2021, Skybox sold inventory costing $163,510 to Parkette for $197,000. A total of 30 percent of this inventory was not sold to outsiders until 2022. In 2021, Parkette reported cost of goods sold of $537,500 while Skybox reported $437,500. What is the consolidated cost of goods sold in 2021?

3.

Amie, Inc., has 100,000 shares of $2 par value stock outstanding. Prairie Corporation acquired 30,000 of Amie's shares on January 1, 2018, for $120,000 when Amie's net assets had a total fair value of $350,000. On July 1, 2021, Prairie bought an additional 60,000 shares of Amie from a single stockholder for $6 per share. Although Amie's shares were selling in the $5 range around July 1, 2021, Prairie forecasted that obtaining control of Amie would produce significant revenue synergies to justify the premium price paid. If Amie's identifiable net assets had a fair value of $500,000 at July 1, 2021, how much goodwill should Prairie report in its postcombination consolidated balance sheet?

4.