13) XYZ acquired a 30% interest in a joint venture on 1/1/14. During 2015, the JV had sales of $100 and expenses (including income taxes) of $60 and made distributions to its owners of $40. At 12/31/14, the JV had assets of $800 and liabilities of $300. a) With regard to the joint venture what will XYZ report on its balance sheet as of 12/31/14? b) With regard to the joint venture what will XYZ report on its income statement for the year ended 12/31/14? 14) XYZ acquired an 80% interest in a subsidiary on 1/1/14. During 2015, the subsidiary had sales of $100 and expenses (including income taxes) of $60 and made distributions to its owners of $40. At 12/31/14, the subsidiary had assets of $800 and liabilities of $300. a) With regard to the subsidiary what will XYZ report on its balance sheet as of 12/31/14? b) With regard to the subsidiary what will XYZ report on its income statement for the year ended 12/31/14? 15) If you did not do so in question 13 or 14, explain "Non-controlling interest". Using the company that you have selected for your FSA project calculate the following as of the most recent fiscal year. 16. CAPEX multiple 17. Estimated life of the depreciable assets 18. Estimated age of the depreciable assets 19. Estimated remaining life of the assets 20. With regard to life cycle, what does the CAPEX multiple indicate