Alpha acquired 70% of Betas shares on July 1, 2021paying $750,000 in equity securities.The remaining 30% of Betas shares traded closely near an average price that totaled $320,000 both before and after Alphas acquisition.

In reviewing the acquisition, Alpha assigned a $100,000 fair value to a patent recently developed by Beta, even though it was not recorded within the financial records of the subsidiary. This patent is anticipated to have a remaining life of five years. Also, Buildings recorded in Betas book were undervalued by $30,000 with remaining life of 10 years.

Alpha usesthe equity method to account for the Investment in Beta.

The following financialsareavailable for these two companies for 2021. In addition, the subsidiarys income was earned uniformly thought the year. Subsidiary dividendpayments were made quarterly.

3.What is the ECOBV amortization for 2021?

4.What is the balance sheet NCI on December 31, 2021?

BALANCE SHEET Alpha Dec 31, 2021 Beta Dec 31, 2021 390,000 Current Assets Investment in Beta Land Building Assets 481,000 ? 388,000 701,000 200,000 630,000 1,220,000 Liabilities Common stock APIC Retained earnings 1/1 Net Income Dividend Paid Liabilities + Equity 816,000 95,000 405,000 853,000 ? (145,000) ? 360,000 300,000 20,000 500,000 120,000 (80,000) 1,220,000 INCOME STATEMENT Alpha 2021 Beta 2021 Revenue Income in Beta Operating Expenses Net income 670,000 ? (402,000) ? 400,000 0 (280,000) 120,000 Using the information provided above, please answer the following questions