Consolidated Net Income

The following information relates to Caleres Inc. and its 51 percent-owned subsidiary, B&H Footwear, for fiscal 2019 (in thousands).

Caleres Inc.s net income from its own operations	$50,000
B&H Footwears net income from its own operations	20,000
Dividends paid by B&H Footwear	8,000
Acquisition date overvaluation of inventory sold in fiscal 2019	900
Reduction in depreciation expense on equipment overvalued at acquisition date	300
Amortization of discount on long-term debt created at acquisition date	100
Impairment loss on in-process R&D capitalized at acquisition date	600
Confirmed downstream inventory profit in B&H Footwears beginning inventory	700
Unconfirmed downstream inventory profit in B&H Footwears ending inventory	400
Downstream loss on January 2 sale of patent to B&H Footwear; 5-year life	500

Required

a. Calares uses the complete equity method to account for its investment in B&H on its own books. Prepare a schedule calculating equity in net income of B&H, appearing on Caleres books, and noncontrolling interest in consolidated net income, appearing on the consolidated income statement for fiscal 2019 (in thousands).

Use negative signs with answers that reduce net income amounts.

Please show work

(in thousands)	Total	Equity in NI	Noncontrolling Interest in NI
B&H reported net income	Answer	Answer	Answer
Revaluation write-off: cost of goods sold	Answer	Answer	Answer
Revaluation write-off: depreciation expense	Answer	Answer	Answer
Revaluation write-off: interest expense	Answer	Answer	Answer
Revaluation write-off: IPR&D impairment	Answer	Answer	Answer
Intercompany profits: downstream beginning inventory	Answer	Answer	Answer
Intercompany profits: downstream ending inventory	Answer	Answer	Answer
Intercompany profits: downstream loss on patent sale	Answer	Answer	Answer
Intercompany profits: confirmed downstream patent loss	Answer	Answer	Answer
	Answer	Answer	Answer