completely lost

9 10 Moe Company purchased 80% of Curley Company stock for $500,000. At the time ofthe purchase, Curley Company had a 11 book value was $400,000 with the excess being caused by equipment being undervalued by $60,000 and the rest from goodwill. 12 The equipment has a four year life. Moe sold inventory last year to Cu rley for a prot of $10,000 which was in their inventory at the 13 beginning of this year. Moe also sold inventory to Cu rley at a prot of $12,000 which is in the inventory of Curley at the end ofthe current yea r. 14 The separate income reported by lvioe was $150,000 and by Curley was $30,000. 15 15 a. Determine the consolidated income, the controlling interest share, and the noncontrolling interest share. 3| 18 19 20 21 22 23 24 25 26 b. Assume instead that Curley sold the inventory to Moe with $10,000 prot in Moe's beginning inventory and $12,000 profit in the 2'." ending inventory. Assume further that the same separate prots were reported. Determine the consolidated income, 28 the controlling share, and the noncontrolling share. 29 _