Need help with what's wrong!!!!

f-2. For 2018, what is the noncontrolling interest's share of Scenic's net income?XAnswer is not complete.Complete this question by entering your answers in the tabs below.Req AReq B and C Req D and EReq F1Req F2d. What is the consolidated balance in the ending Inventory account?e. Assume that no intra-entity inventory sales occurred between Placid Lake and Scenic. Inst:costing $37,000 to Placid Lake for $64,000. On the 2018 consolidated balance sheet, what vad.Consolidated inventory$288,200e.Consolidated landbalance$913,000 the time of sale, the equipment had a remaining useful life of five years. Whatworksheet entries are made for a December 31, 2018, consolidation of these twocompanies to eliminate the impact of the intra-entity transfer?f-2. For 2018, what is the noncontrolling interest's share of Scenic's net income?XAnswer is not complete.Complete this question by entering your answers in the tabs below.Req AReq B and C Req D and EReq F1Req F2What is consolidated net income for Placid Lake and its subsidiary?Consolidated net income$531,600 Req AReq B and C Req D and EReq F1Req F2Assume that no intra-entity inventory or land sales occurred between Placid Lake and Scenic.Scenic sold equipment (that originally cost $170,000 but had a $67,000 book value on that dAt the time of sale, the equipment had a remaining useful life of five years. What worksheet31, 2018, consolidation of these two companies to eliminate the impact of the intra-entity traa transaction/event, select "No journal entry required" in the first account field.)NoTransactionAccountsDebitCredit a. What is consolidated net income for Placid Lake and itssubsidiary? b. If the intra-entity sales were upstream, how wouldconsolidated net income be allocated to the controllingand noncontrolling interest? c. If the intra-entity sales were downstream, how wouldconsolidated net income be allocated to the controllingand noncontrolling interest? d. What is the consolidated balance in the ending Inventoryaccount? e. Assume that no intra-entity inventory sales occurredbetween Placid Lake and Scenic. Instead, in 2017, Scenicsold land costing $37,000 to Placid Lake for $64,000. Onthe 2018 consolidated balance sheet, what value shouldbe reported for land? f-1. Assume that no intra-entity inventory or land salesoccurred between Placid Lake and Scenic. Instead, onJanuary 1, 2017, Scenic sold equipment (that originallycost $170,000 but had a $67,000 book value on thatdate) to Placid Lake for $94,000. At the time of sale, theequipment had a remaining useful life of five years.What worksheet entries are made for a December 31,2018, consolidation of these two companies toeliminate the impact of the intra-entity transfer? f-2. For 2018, what is the noncontrolling interest's share ofScenic's net income? Placid Lake Corporation acquired 70 percent of theoutstanding voting stock of Scenic, Inc., on January 1, 2017,when Scenic had a net book value of $470,000. Any excessfair value was assigned to intangible assets and amortized at a rate of $5,000 per year. Placid Lake's 2018 net income before consideration of itsrelationship with Scenic (and before adjustments for intra~entity sales) was $370,000. Scenic reported net income of $180,000. Placid Lake declared $170,000 in dividendsduring this period; Scenic paid $47,000. At the end of 2018, selected figures from the two companies' balance sheetswere as follows: Placid Lake Scenic Inventory $ 210,000 $ 97,000Land 670,000 270,000Equipment (net) 470,000 370,000 I— During 2017, intra-entity sales of $110,000 (original cost of$56,000) were made. Only 10 percent of this inventory wasstill held within the consolidated entity at the end of 2017. In2018, $160,000 in intra-entity sales were made with anoriginal cost of $66,000. Of this merchandise, 20 percenthad not been resold to outside parties by the end of the yean Each of the following questions should be considered as anindependent situation for the year 2018.