emaining Time 1 hour28 minutes, 22 seconds. Question Completion Status: Partenen Company acquired an interest in Granny Company on January 1, 2021 in exchange for various consideration totaling 5720,000. At the acquisition date, the fair value of the noncontrolling interest was 5180.000 Granny's book value of net asset on that date consisted of common stock of 5390,000 and retained earnings of $410,000. Patterson attributed the excess of fair value over Granny's book value to undervalued equipment with a 10-year remaining life Reported net income for 2021 was $250,000 for Peterson and $100,000 for Granny Patterson distributed $80,000 in dividends during 2021, Granny paid $30,000 Granny regularly sells inventory to Patterson at a 20 percent gronprofit rate. Patterson consistently resold this merchandise in the year of acquisition or in the period immediately following Transfers for the two years after this business combination were the following: Inventory Remaining at Your End Year Transfer Price (at transfer price 2021 $80,000 $15.000 2022 $90,000 $25.000 The following selected account balances are from the individual financial records of these two companies u of December 31, 2022 Sales Cost of goods sold Operating expenses Dividend puud Inventory Equipement et Patterns $900,000 540,000 100.000 90.000 240.000 400,000 Gray $600,000 160.000 50.000 20,000 120,000 150.000 Answer the following questions: (Do not add dollar sign, do not add comme to your amount round the answer to the whole number 1. What is the amount of Healty in Grey Farming for you 20227 2. What is the amount of encontrolling mterest net income for 2022? J. What was the balance of Investment in Grunny on Patterson's book as of December 31, 20217 4. Determine the conted bence of sales for 2021 5. Determine the controlidated balance of cost of goods sold for 2022 Determine the consolidated balance of operating expenses for 2002 1. Determine the consolidated balance of inventory of December 31, 2012 $600,000 360,000 50,000 20,000 120,000 150,000 Sales $900,000 Cost of goods sold 540,000 Operating expenses 100,000 Dividend paid 90,000 Inventory 240,000 Equipment (net) 400,000 Answer the following questions: (Do not add dollar sign; do not add comma to your amount; round the answer to the whole number) 1. What is the amount of Equity in Granny Earnings for year 2022? 2. What is the amount of noncontrolling interest net income for 2022? 3. What was the balance of Investment in Granny on Patterson's book as of December 31, 2021? 4. Determine the consolidated balance of sales for 2022. 5. Determine the consolidated balance of cost of goods sold for 2022. 6. Determine the consolidated balance of operating expenses for 2022. 7. Determine the consolidated balance of inventory as of December 31, 2022. 8. Determine the consolidated balance of equipment as of December 31, 2022