I need the answers for a and b please.

Q1: On January 1, 2011, Subu Company acquired a 80% interest in Princess Company for a purchase price that was $250,000 over the book value of the Princess's Stockholders' Equity on the acquisition date. Subu allocated the excess to the following [A] assets Al AssetInitial Fair ValueUseful Life (vears) PPE, net Patent 100,000 150,000 $250,000 20 15 Princess sells inventory to Subu (upstream) which includes that inventory in products that it, ultimately, sells to customers outside of the controlled group. You have compiled the following data for the years ending 2013 and 2014 2014 $ 170,600 130,600 Transfer price for inventory sale Cost of goods sold Gross profit % inventory remaining Gross profit deferred 2013 $125,350 90 350) $ 35,000 20% $ 7,000 (1 ) $ 40,000 30% $ 12,000 EOY Receivable/Payable $ 45,000 $ 50,000 The inventory not remaining at the end of the year has been sold outside of the controlled group. The parent and the subsidiary report the following financial statements at December 31, 2014