Equity in Net Income and Noncontrolling Interest in Net IncomeEquity in Net Income and Noncontrolling Interest in Net Income

no impairment of other assets. Packwild reports its investment in Snowbird on its own books using the complete equity method.

Note: Enter all zeros with your numerical answers, do not abbreviate your answers in thousands or in millions.

a$.$ Calculate the amount of goodwill originally reported for this acquisition.

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b$.$ Calculate equity in net income for the current year, reported on Packwild's books, and the noncontrolling interest in Snowbird's income, reported on the consolidated income statement.

Note: Use negative signs with answers that reduce net income amounts.

no impairment of other assets. Packwild reports its investment in Snowbird on its own books using the complete equity method.

Note: Enter all zeros with your numerical answers, do not abbreviate your answers in thousands or in millions.

a$.$ Calculate the amount of goodwill originally reported for this acquisition.

$

b$.$ Calculate equity in net income for the current year, reported on Packwild's books, and the noncontrolling interest in Snowbird's income, reported on the consolidated income statement.

Note: Use negative signs with answers that reduce net income amounts.