AL$-$ward Company acquired $80\%$ of AL$-$nor Company on Jan$\mathrm{.}1,2020$ by $$600,000.$ The fair value of noncontrolling interest is estimated by $$150,000$ while the book value of net assets was $$600,000($CS $$400,000$ and $RE=$$$200,000).$ The differences are attributed as following

Land $$30,000($Land is still on hand$)$

Equipment $$100,000($Equipment has remaining useful life $10$ years$)$

Remaining Balance of Differences is attributed to Goodwill, This Goodwill was impaired by $$4,000$ in $2020,$ $$6,000$ in $2021$ while no impairment was reported in $2022$

At end of Dec$\mathrm{.}31,2020,2021,2022$ both companies reported net income and paid dividends as

Al$-$Ward

Income

$\backslash$table$[[,$Income,income,Dividends$],[2020,$$$200,000,$$$100,000,$$$40,000$