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Carson, Inc., acquires 80 percent of the outstaniding common stock of Gardena corporation on January 1, 2020, in exchange for $900,000 cash. At the acquisition

Carson, Inc., acquires 80 percent of the outstaniding common stock of Gardena corporation on January 1, 2020, in exchange for $900,000 cash. At the acquisition date, Gardena's total fair value, including the noncontrolling interest, was assessed at $1,125,000. Also at the acquisition date, Gardena's book value was $690,000. Several individual items on Gardena's financial records had fair values that differed from their book values as follows:

Book value Fair value
Trademark (indefinite life) $360,000 $383,000
Property and equipment (net, 8-year remaining useful life) 290,000 330,000
Patent (14-year remaining useful life) 132,000 272,000
For internal reporting purposes, Carson, inc., employs the equity method to account for this investment. The following account balances are for the year
ending December 31, 2020, for both companies. At year-end, there were no intra-entity receivables or payables.

questions:

6. What is the consolidated balance for investment at December 31, 2020?
Your answer:
7. What is the consolidated balance for equity in income of Gardena at December 31, 2020?
Your answer:
8. What is the consolidated balance for dividend declared at December 31, 2020?
Your answer:
9. What is the net income attributable to noncontrolling interests of Gardena at December 31, 2020?
Your answer:
10. What is the net income attributable to controlling interests of Gardena at December 31, 2020?
Your answer:

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