Lowell Company acquired 90 percent of Boston Companys 100,000 outstanding shares on January 1, 2019, for $234,000 cash. Bostons share was actively traded at $2.50 per share on the market, which is deemed as the NCIs fair value per share.

Boston's stockholders' equity consisted of common stock of $120,000 and retained earnings of $80,000. An analysis of Boston's net assets revealed the following:

	Book Value				Fair Value
Buildings (10-year life)	$	10,000			$	8,000
Equipment (4-year life)		14,000				18,000
Land		5,000				12,000

Any excess consideration transferred over fair value is attributable to Goodwill.

During 2019 and 2020, each year Boston reports net income of $40,000 and paid dividends of $10,000.

What is the balance of Lowells general ledger Equity in Bostons Income on 12/31/2020 before Lowell closes its book?

How much should Lowell report the end-of-year NCI on the consolidated financial statement on 12/31/2020?

How much should Lowell report Consolidated Net Income Attributable to NCI (or NCI in Boston's Earnings) on the consolidated financial statement on 12/31/2020?

What is the dollar amount balance of Lowell's Investment in Boston account on 12/31/2020?