On December 31, 2024, Gummy Inc. purchased 80% of the 100,000 common shares of Wren Ltd. for $1,360,000. Immediately after the acquisition, Wren's shares were trading at $15. The following is information related to Wren at acquisition: Accounts receivable Inventory Building (useful life 10 years) Common shares Retained earnings Carrying value $ 65,000 Net income Dividends Retained earnings, closing 150,000 450,000 250,000 672,000 Below are extracts from the December 31, 2016 separate-entity statements of Gummy and Wren. 26956 Gummy. $ 350,000 150,000 975,000 Fair value $ 60,000 135,000 600,000 $ Wren 295,000 75,000 1,142,000 Gummy uses the cost method to account for its investment in Wren, and there have not been any intercompany transactions since acquisition. Inventory and accounts receivable turn over every 60 days. On December 31, 2026, it was determined that goodwill was impaired by $10,000. Consolidated net income attributable to NCI for the year ending December 31, 2026 is

On December 31, 2024, Gummy Inc purchased 80% of the 100,000 common shares of Wren L.td. for $1,360,000 Immediately after the acquisition, Wren's shares were trading at \$15. The following is information related to Wren at acquisition: Below are extracts from the December 31,2626 separate-entity statements of Gummy and Wren Gummy uses the cost method to account for its investment in Wret, and there have not been any intercompsry transactions since acquistion Inventory and accounts tecelvable turn over every 60 days. On December 31 , 2026, it Was determined that goodwill was impared by $10,000 Consolidated net incotac attributable to NCT for the vear ending December 31,2026 is Consolidated net income attributable to NCI for the year ending December 31, 2026 is $54,530 $59,000 $56,000 $280,000