Assume on January 1, 2019, the Grecnlee company (the patent) acquired an 85% interest in its subsidiary. The total fair value of the controlling and non-controlling interests was $00,000 over the book value of the sebsidiarys Slockholder's Equisy on the acquistion dane. The parent assigned the excess to the following (A) assets: a) Calculate goodwill at acquisition date, if applicable. b) Disaggregate and document the activity for the 100% Acquisition Accounting Premium (AAP), the controlling interest AAP and the non-controlling interest AAP. c) Compute the pre-consolidation Equity Investment account beginning and ending balances starting with the Stockholder's Equity of the subsidiary. d) Reconstruct the activity in the parent's pre-consolidation Equity Investment T account for the year of consolidation. c) Independently compute the owner's equity attributable to the non-controlling interest beginning and ending balances starting with the Stockholder's Equity of the subsidiary. f) Independently calculate the consolidated net income, controlling interest net income and non-controlling interest net income. g) Prepare the consolidating journal entries for 2022 using CEADI h) Complete the consolidation spreadsheet for 2022 \begin{tabular}{|c|c|c|c|c|c|} \hline & Greenlee Co & Sabsidiary & Dr & Cr & Consolidated \\ \hline \multicolumn{6}{|l|}{ Income Statement: } \\ \hline Sales & 6,000,000 & 1,500,000 & & & 7,500,000 \\ \hline Cost of Goods sold & (4,000,000) & (1,000,000) & & & (5,000,000) \\ \hline Gross profit & 2,000,000 & 500,000 & & & 2,500,000 \\ \hline Income (loss) from subsidiary & 112,200 & & & & 112,200 \\ \hline Operating expenses & (1,200,000) & (300,000) & & & (1,500,000) \\ \hline Net Income & 912,200 & 200,000 & & & 1,112,200 \\ \hline Censolidated NI attrib to NCI & & & & & 0 \\ \hline Consolidated NI attrib to Cl & & & & & 1.112 .200 \\ \hline & & & & & \\ \hline \multicolumn{6}{|l|}{ Statement of Ret Earnings: } \\ \hline BOY retained earnings & 2,014,200 & 630,000 & & & 2,644,200 \\ \hline Net income & 912,200 & 200,000 & & & 1,112,200 \\ \hline Dividends & (250,000) & (20,000) & & & (270,000) \\ \hline EOY retained earnings & 2,676,400 & 810,000 & & & 3,486,400 \\ \hline & & & & & \\ \hline \multicolumn{6}{|l|}{ Balance Sheet: } \\ \hline Cash & 400,000 & 60,000 & & & 460,000 \\ \hline Accounts receivable & 550,000 & 300,000 & & & 850,000 \\ \hline Inventory & 850,000 & 400,000 & & & 1,250,000 \\ \hline Equity investment & 1,176,400 & & & & 1,176,400 \\ \hline & & & & & \\ \hline & & & & & \\ \hline PPE, Bet & 4,000,000 & 850,000 & & & 4,850,000 \\ \hline Patent & & & & & 0 \\ \hline \multirow[t]{2}{*}{ Goodwill } & & & & & 0 \\ \hline & 6,976,400 & 1,610,000 & & & 8,586,400 \\ \hline & & & & & \\ \hline Current liabilities & 700,000 & 100,000 & & & 800,000 \\ \hline Leng-term tiabilities & 2,000,000 & 400,000 & & & 2,400,000 \\ \hline Common slock & 600,000 & 100,000 & & & 700,000 \\ \hline APIC & 1,000,000 & 200,000 & & & 1,200,000 \\ \hline Retained earmings & 2,676,400 & 810,000 & & & 3,486,400 \\ \hline \multirow[t]{4}{*}{ Nencentrolling interest } & & & & & 0 \\ \hline & & & & & \\ \hline & & & & & \\ \hline & 6,976,400 & 1,610,000 & 0 & 0 & 8,586,400 \\ \hline \end{tabular} Assume on January 1, 2019, the Grecnlee company (the patent) acquired an 85% interest in its subsidiary. The total fair value of the controlling and non-controlling interests was $00,000 over the book value of the sebsidiarys Slockholder's Equisy on the acquistion dane. The parent assigned the excess to the following (A) assets: a) Calculate goodwill at acquisition date, if applicable. b) Disaggregate and document the activity for the 100% Acquisition Accounting Premium (AAP), the controlling interest AAP and the non-controlling interest AAP. c) Compute the pre-consolidation Equity Investment account beginning and ending balances starting with the Stockholder's Equity of the subsidiary. d) Reconstruct the activity in the parent's pre-consolidation Equity Investment T account for the year of consolidation. c) Independently compute the owner's equity attributable to the non-controlling interest beginning and ending balances starting with the Stockholder's Equity of the subsidiary. f) Independently calculate the consolidated net income, controlling interest net income and non-controlling interest net income. g) Prepare the consolidating journal entries for 2022 using CEADI h) Complete the consolidation spreadsheet for 2022 \begin{tabular}{|c|c|c|c|c|c|} \hline & Greenlee Co & Sabsidiary & Dr & Cr & Consolidated \\ \hline \multicolumn{6}{|l|}{ Income Statement: } \\ \hline Sales & 6,000,000 & 1,500,000 & & & 7,500,000 \\ \hline Cost of Goods sold & (4,000,000) & (1,000,000) & & & (5,000,000) \\ \hline Gross profit & 2,000,000 & 500,000 & & & 2,500,000 \\ \hline Income (loss) from subsidiary & 112,200 & & & & 112,200 \\ \hline Operating expenses & (1,200,000) & (300,000) & & & (1,500,000) \\ \hline Net Income & 912,200 & 200,000 & & & 1,112,200 \\ \hline Censolidated NI attrib to NCI & & & & & 0 \\ \hline Consolidated NI attrib to Cl & & & & & 1.112 .200 \\ \hline & & & & & \\ \hline \multicolumn{6}{|l|}{ Statement of Ret Earnings: } \\ \hline BOY retained earnings & 2,014,200 & 630,000 & & & 2,644,200 \\ \hline Net income & 912,200 & 200,000 & & & 1,112,200 \\ \hline Dividends & (250,000) & (20,000) & & & (270,000) \\ \hline EOY retained earnings & 2,676,400 & 810,000 & & & 3,486,400 \\ \hline & & & & & \\ \hline \multicolumn{6}{|l|}{ Balance Sheet: } \\ \hline Cash & 400,000 & 60,000 & & & 460,000 \\ \hline Accounts receivable & 550,000 & 300,000 & & & 850,000 \\ \hline Inventory & 850,000 & 400,000 & & & 1,250,000 \\ \hline Equity investment & 1,176,400 & & & & 1,176,400 \\ \hline & & & & & \\ \hline & & & & & \\ \hline PPE, Bet & 4,000,000 & 850,000 & & & 4,850,000 \\ \hline Patent & & & & & 0 \\ \hline \multirow[t]{2}{*}{ Goodwill } & & & & & 0 \\ \hline & 6,976,400 & 1,610,000 & & & 8,586,400 \\ \hline & & & & & \\ \hline Current liabilities & 700,000 & 100,000 & & & 800,000 \\ \hline Leng-term tiabilities & 2,000,000 & 400,000 & & & 2,400,000 \\ \hline Common slock & 600,000 & 100,000 & & & 700,000 \\ \hline APIC & 1,000,000 & 200,000 & & & 1,200,000 \\ \hline Retained earmings & 2,676,400 & 810,000 & & & 3,486,400 \\ \hline \multirow[t]{4}{*}{ Nencentrolling interest } & & & & & 0 \\ \hline & & & & & \\ \hline & & & & & \\ \hline & 6,976,400 & 1,610,000 & 0 & 0 & 8,586,400 \\ \hline \end{tabular}