Date	Amount
12/31/16	$15,500
12/31/17	16,700
12/31/18	33,600

On January 1, 2016, Aspen Company acqulred 80 percent of Birch Company's voting stock for $480,000. Blrch reported a $495,000 book value and the falr value of the noncontrolling Interest was $120,000 on that date. Then, on January 1, 2017, BIrch acquired 80 percent of Cedar Company for $168,000 when Cedar had a $165,000 book value and the 20 percent noncontrolling Interest was valued at $42,000. In each acquisition, the subsldiary's excess acquisition-date falr over book value was assigned to a trade name with a 30-vear remalning life. These companies report the following financial Information. Investment Income figures are not Included. 2816 281 2018 Sales: Aspen Company Birch Company Cedar Company Expenses Aspen Company Birch Company Cedar Company Dividends declared: Aspen Company Birch Company Cedar Company $472,588 645,808 85e,8e8 262,258 337,588 687,3ee 233,888 251,688 Not available $ 397,588 642,508 69e,8e8 285,8e8 267,808 528,ee 219,888 219,888 Not available $ 28,8ee35,808 45,8e8 15,800 8,888 15,800 3,808 15,800 Not available Assume that each of the following questions is Independent a. If all companies use the equlty method for Internal reporting purposes, what Is the December 31, 2017, balance In Aspen's Investment In Birch Company account? b. What Is the consolidated net Income for this business combination for 2018? c. What Is the net Income attributable to the noncontrolling Interest In 2018? d. Assume that Birch made Intra-entity Inventory transfers to Aspen that have resulted in the following Intra-entity gross profits In Inventory at the end of each year