Listed below are the adjusted trial balances of Patriot Corporation and Saint Company as of 12/31/X1. Patriot purchased 80% of the common stock of Saint on 1/1/X1 at book value. Remember: adjusted trial balances are prepared prior to closing entries.

Patriot Saint Sales 454,000 218,000 Income from Saint 48,800 ---- Cost of Goods Sold 183,000 103,000 Operating Expenses 97,000 54,000 Cash 36,000 114,000 PPE (net) 265,000 132,000 Investment in S 174,400 ---- Liabilities 96,000 28,000 Common Stock 42,000 25,000 APIC 88,600 78,000 Retained Earnings 76,000 89,000 Dividends Declared 50,000 35,000

Required: Answer the following 10 questions by typing your answer into the space provided. Enter numbers only! Do not enter any symbols such as $, -, or even commas. Numbers only.

1. Compute Saints Net Income for the year ending 12/31/X1. 2. Compute Patriots Net Income for the year ending 12/31/X1. Determine the following amounts that should appear on the Consolidated Income Statement for the year ending December 31, 20X1.

3. Consolidated gross profit. 4. Consolidated Net Income. 5. Income to Noncontrolling Interest. 6. Controlling Interest Net Income.

7. Determine the amount of Consolidated Retained Earnings as of December 31, 20X1.

Determine the following amounts that should appear on the Consolidated Balance Sheet as of December 31, 20X1.

8. Total Assets 9. Total Liabilities 10. Noncontrolling Interest