Nascent, Incorporated, acquires 60 percent of Sea-Breeze Corporation for $414,000 cash on January 1, 2021. 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, 2021, Sea-Breeze had the following assets and liabilities:

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

The companies' financial statements for the year ending December 31, 2024, follow:

Items	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, 1/1/24	$ (700,000)	$ (300,000)
Net income	(232,000)	(90,000)
Dividends declared	92,000	70,000
Retained earnings, 12/31/24	$ (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, 12/31/24	(840,000)	(320,000)
Total liabilities and equities	$ (2,064,000)	$ (1,000,000)

Required:

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

If the parent had applied the equity method, what investment income would the parent have recorded in 2024?

What amount should the parent report as retained earnings in its January 1, 2024, consolidated balance sheet?

What is consolidated net income for 2024, and what amounts are attributable to the controlling and noncontrolling interests?

Within consolidated statements at January 1, 2021, what balance is included for the subsidiary's Buildings account?

What is the consolidated Buildings reported balance as of December 31, 2024?