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In 2 0 2 3 , K - Tech reports $ 3 0 , 0 0 0 net income and declares no dividends. At the

In 2023, K-Tech reports $30,000 net income and declares no dividends. At the end of 2024, the two companies report the following
figures (stockholders' equity accounts have been omitted):
Note: Parentheses indicate a credit balance.
Required:
a. Compute the 2024 consolidated net income before allocation to the controlling and noncontrolling interests.
b. In 2024, assuming K-Tech has declared no dividends, compute the noncontrolling interest's share of the subsidiary's income and
the ending balance of the noncontrolling interest in the subsidiary.
c. Compute the amount reported for trademarks in the 2024 consolidated balance sheet.
Answer is complete but not entirely correct.
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