Need Help ASAP

On January 1, 2012, Aspen Company acquired 80 percent of Birch Companys outstanding voting stock for $328,000. Birch reported a $335,000 book value and the fair value of the noncontrolling interest was $82,000 on that date. Also, on January 1, 2013, Birch acquired 80 percent of Cedar Company for $172,000 when Cedar had a $161,000 book value and the 20 percent noncontrolling interest was valued at $43,000. In each acquisition, the subsidiarys excess acquisition-date fair over book value was assigned to a trade name with a 30-year life.

These companies report the following financial information. Investment income figures are not included.

2014 2013 2012 Sales 440,000 732,500 937,500 Aspen Company Birch Company 257,750 371.000 610.200 Cedar Company Not available 221.700 295.600 Expenses 370,000 657,500 572,500 Aspen Company Birch Company 207,000 293.000 532.500 Cedar Company Not available 203.000 250,000 Dividends declared 20,000 40,000 50,000 Aspen Company Birch Company 5,000 18.000 18.000 Cedar Company Not available 2,000 10.000 Assume that each of the following questions is independent: a. If all companies use the equity method for internal reporting purposes, what is the December 31, 2013, balance in Aspen's Investment in Birch Company account? Investment in Birch b. What is the consolidated net income for this business combination for 2014? Consolidated net income