Nascent, Inc., acquires 60 percent of Sea-Breeze Corporation for $414,000 cash on January 1, 2012. The remaining 40 percent of the Sea-Breeze shares traded near a total value of $276,000 both before and after the acquisition date. On January 1, 2012, Sea-Breeze had the following assets and liabilities:

	Book Value			Fair Value
Current assets	$	150,000		$	150,000
Land		200,000			200,000
Buildings (net) (6-year life)		300,000			360,000
Equipment (net) (4-year life)		300,000			280,000
Patent (10-year life)		0			100,000
Liabilities		(400,000	)		(400,000	)

The companies financial statements for the year ending December 31, 2015, follow:

	Nascent			Sea-Breeze
Revenues	$	(600,000	)	$	(300,000	)
Operating expenses		410,000			210,000
Investment income		(42,000	)		0
Net income	$	(232,000	)	$	(90,000	)
Retained earnings, 1/1/15	$	(700,000	)	$	(300,000	)
Net income		(232,000	)		(90,000	)
Dividends declared		92,000			70,000
Retained earnings, 12/31/15	$	(840,000	)	$	(320,000	)
Current assets	$	330,000		$	100,000
Land		220,000			200,000
Buildings (net)		700,000			200,000
Equipment (net)		400,000			500,000
Investment in Sea-Breeze		414,000			0
Total assets	$	2,064,000		$	1,000,000
Liabilities	$	(500,000	)	$	(200,000	)
Common stock		(724,000	)		(480,000	)
Retained earnings, 12/31/15		(840,000	)		(320,000	)
Total liabilities and equities	$	(2,064,000	)	$	(1,000,000	)

b.	What is the annual excess amortization initially recognized in connection with this acquisition?

c.	If the parent had applied the equity method, what investment income would the parent have recorded in 2015?

d.	What is the parents portion of consolidated retained earnings as of January 1, 2015?

e.	What is consolidated net income for 2015 and what amounts are attributable to the controlling and noncontrolling interests?

f.	Within consolidated statements at January 1, 2012, what balance is included for the subsidiarys Buildings account?

g.	What is the consolidated Buildings reported balance as of December 31, 2015?