3) Please show all workings, let the answers be concise.

Problem 3 (6 questions 3 points each-10%) Questions 16-21 pertain to the following: On January 1, 2021, Pride, Inc. bought 80% of the outstanding voting common stock of Strong Corp. for $364,000. In allocating the fair value at the acquisition date, Pride noted that Strong having developed a customer list worth $35,000 unrecorded on to accounting records and having a five year remaining life. Any remaining excess was attributable to goodwill which has not been impaired As of December 31,2021, before preparing the consolidated worksheet, the financial statements appeared as follows: Revenues Cost of goods sold Operating expenses Net Income Retained earnings, 1/1/21 Net income (above) Dividends paid Retained earnings, 12/31/21 Cash and receivables Inventory Investment in Strong Corp Equipment (net) Total assets Liabilities Common stock Retained earnings, 12/31/21 (above) Total liabilities and stockholders' equity Pride, Inc. Strona Cora. $ 420,000 (196,000) (125.000) $ 196 000 $ 420,000 196,000 0 S 616.000 $ 294,000 210,000 364,000 616.000 $1.484.000 S 588,000 280,000 616,000 $1.484.000 $280,000 (112,000) (14.000) $154.000 $210,000 154,000 O $364.000 $126,000 154,000 0 420.000 00.000 $196,000 140,000 364.000 $700.000 During 2021, Strong bought inventory for $140,000 and sold it to Pride for $200,000. Only a quarter of this purchase had been paid for by Pride by the end of the year. 40% of these goods were still in the company's possession on December 31. Required: Compute the amounts requested and enter your answer on the examination answer sheet 16. What is the amount of consolidated operating expenses? 17. What is the total of consolidated cost of goods sold? 18. What is the amount for consolidated inventory? 19. What is amount of consolidated revenues 20. What is the amount of the noncontrolling interest in the subsidiary net income? 21. What is the amount of consolidated liabilities