G $60 Pell Q Adva ACG Cha M ( X * Cha Q Chal *Seal Hom Q Acci 0 Mail M Your C Pell Marl G Q How (2) + Pow Tak ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.... Relaunch to update EXAM 4. CHAPTER 4 i Saved Help Save & Exit Submit 57 Pell Company acquires 80% of Demers Company for $500,000 on January 1, 2022. Demers reported common stock of $300,000 and retained earnings of $210,000 on that date. Equipment was undervalued by $30,000 and buildings were undervalued by $40,000, each having a 10-year remaining life. Any excess consideration transferred over fair value was attributed to goodwill with an indefinite life. Based on an annual review, goodwill has not been impaired. Skipped Demers earns income and pays dividends as follows: 2022 2023 2024 Net income $ 100 , 000 $ 120 , 000 $ 130, 000 Dividends 40 , 000 50 , 000 60 , 000 Assume the equity method is applied. Compute the noncontrolling interest in the net income of Demers at December 31, 2023. ported common stock o 300,000 and reta was undervalued by $30,000 and buildings we remaining life. Any excess consideration trans an indefinite life. Based on an annual review, Mc Graw Demers earns income and pays dividends as f 2022 Hill let income $ 100,000 Dividends 40.000 $ 120G $60 Pell Q Adv ACG Cha M ( X * Cha Q Cha Seal Hom Q Acci 0 Mail M Your C Pell Marl G Q How (2) + POW Take ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.... Relaunch to update EXAM 4. CHAPTER 4 Saved Help Save & Exit Submit O $18,400 57 O $14,400 Skipped O $22,600 O $24,000 O $12,600 Mc Graw