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On January 1, 20X5, Pirate Company acquired all of the outstanding stock of Ship incorporated, a Norweglan company, at a cost of \$156,600. Ship's net assets on the date of acquistion were 700,000 kroner (NKr). On January 1, 20X5, the book and fair values of the Norweglan subsidiary's identifiable assets and llabilities approximated their fair values except for property, plant, and equipment and patents acquired. The falr value of Ship's property, plant, and equipment exceeded its book value by $18,000. The remaining useful life of Ship's equipment at January 1,205, was 10 years. The remainder of the differential was attributable to a patent having an estimated useful ilfe of 5 years. Ship's trial balance on December 31,205, in kroner, follows: Additional Information: 1. Ship uses the FIFO method for its Inventory. The beginning inventory was acquired on December 31,204, and ending Inventory was acquired on December 15, 205. Purchases of NKr420,000 were made evenly throughout 205. 2. Ship acquired all of its property, plant, and equipment on July 1,203, and uses straight-1ine depreciation. 3. Shlp's sales were made evenly throughout 205, and its operating expenses were incurred evenly throughout 205. 4. The dividends were declared and paid on July 1,205, 5. Plrate's income from its own operations was $265,000 for 205, and its total stockholders' equity on January 1,205, was $3,500,000. Plrate declared $170,000 of dividends during 205. 6. Exchange rates were as follows: Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Prepare a schedule that determines Pirate's consolidated comprehensive income for 205. Note: Amounts to be deducted should be indicated with a minus sign. Q Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Compute Pirate's total consolidated stockholders' equity at December 31,205. On January 1, 20X5, Pirate Company acquired all of the outstanding stock of Ship incorporated, a Norweglan company, at a cost of \$156,600. Ship's net assets on the date of acquistion were 700,000 kroner (NKr). On January 1, 20X5, the book and fair values of the Norweglan subsidiary's identifiable assets and llabilities approximated their fair values except for property, plant, and equipment and patents acquired. The falr value of Ship's property, plant, and equipment exceeded its book value by $18,000. The remaining useful life of Ship's equipment at January 1,205, was 10 years. The remainder of the differential was attributable to a patent having an estimated useful ilfe of 5 years. Ship's trial balance on December 31,205, in kroner, follows: Additional Information: 1. Ship uses the FIFO method for its Inventory. The beginning inventory was acquired on December 31,204, and ending Inventory was acquired on December 15, 205. Purchases of NKr420,000 were made evenly throughout 205. 2. Ship acquired all of its property, plant, and equipment on July 1,203, and uses straight-1ine depreciation. 3. Shlp's sales were made evenly throughout 205, and its operating expenses were incurred evenly throughout 205. 4. The dividends were declared and paid on July 1,205, 5. Plrate's income from its own operations was $265,000 for 205, and its total stockholders' equity on January 1,205, was $3,500,000. Plrate declared $170,000 of dividends during 205. 6. Exchange rates were as follows: Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Prepare a schedule that determines Pirate's consolidated comprehensive income for 205. Note: Amounts to be deducted should be indicated with a minus sign. Q Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Compute Pirate's total consolidated stockholders' equity at December 31,205