On December 31, 2018, Panorama Incorporated purchased 60% of Scan Manufacturing for $300,000. The book value and fair value of Scan's assets and liabilities were equal with the exception of plant assets which were undervalued by $60,000 and had a remaining life of 10 years, and a patent which was undervalued by $40,000 and had a remaining life of 5 years. At December 31, 2021, the companies showed the following balances on their respective adjusted trial balances: Panorama Scan Scan www Assets (includes Investment in Scan) Plant assets - net Patent Book Value Book Value Fair Value $950,000 $300,000 $320,000 590,000 150,000 150,000 310,000 200,000 280,000 Expenses 800,000 300,000 Liabilities $480,000 $120,000 $120,000 Common Stock 300,000 100,000 Retained Earnings 890,000 330,000 Revenue 980,000 400,000 Required: 1- Calculate the balance in the Plant assets - net and the Patent accounts on the consolidated balance sheet as of December 31, 2021. 2- Calculate consolidated net income for 2021, and the amount allocated to the controlling and noncontrolling interests. 3- Calculate the balance of the noncontrolling interest in Scan to be reported on the consolidated balance sheet at December 31, 2021