Bell Company acquires 70% of Demers Company for $630,000 on January 1. The price paid is proportionate to the total fair value of Demers. Demers reported common stock of $300,000 and retained earnings of $400,000 on that date. Demers also had unrecorded patents worth $100,000 (10-year remaining life). Any excess consideration transferred over fair value was attributed to goodwill with an indefinite life. Based on an annual review, goodwill has not been impaired. During the year Demers reported Net Income of $100,000 and paid $50,000 of dividends. Assume the equity method is applied. At year end Bell has a Patent with a book value of $40,000 and a fair market value of $400,000. Demers has no recorded patents. Compute the following 1. Bell's Investment in Demers at 12/31: 2. Bell's Equity NI from Demers for the year ending 12/31: 3. The non-controlling interest in the net income of Demers for the year ending 12/31: 4. Consolidated balance for the Patent accounting as of 12/31: 5. Goodwill as of 12/31: ANSWER FORMAT: $1,234