18. Parent Co. Acquired 80% of subsidiary Co. for $300,000. On January 1, 2012 when subsidiarys book value was $280,000. The subsidiary stock was not actively traded. On the date of acquisitions, Subsidiary had equipment (with a 10 year life) that was undervalued in the financial records by $95,000. One year later, the following selected figures were reported by the two companies (stockholders equity account have been omitted). Additionally, no dividends have been paid.

--- --------------------Parent........Subsidiary ---------------------------------------------

.......................Book Value.........Book value

Current assets & investment. 640,000..180,000

Buildings 150,000..120,000

Equipment...200,000..110,000

Liabilities(120,000).....(30,000)

Revenues...(900,000)(350,000)

Expenses.600,000..250,000

Investment income..Not given

a. What is consolidated net income for 2012 attributable to noncontrolling interest?

b. What is the total of consolidated revenues?

c. What is the total of consolidated expenses?

d. What is the total of noncontrolling interest appearing on the balance sheet?

e. What is the consolidated total for equipment (net) at December 31?

f. What is the consolidated total of buildings?