On December 31, Year 3, Mueller Corp. acquired 80% of the outstanding shares of Wilson Inc. for a total cost of $243,000. The carrying amount of Wilson's assets, liabilities, and equity was equal to fair value except for the following: Carrying Amount Inventory Equipment, net Patent Long-term debt Common shares Retained earnings Fair Value $ 60,300 273,000 $ 68,600 279,000 40,600 183,000 178,000 42,600 160,600 ? As at December 31, Year 3, the equipment and patent had an estimated useful life of six and eight years, respectively. The long-term debt is due on January 1, Year 9. There was a goodwill impairment loss of $3,000 in Year 5. There were no other impairment losses. Mueller uses the cost method to account for its investment in Wilson. The book values of selected accounts for the year ended December 31, Year 7 were as follows: Dividend income Net income Common shares Retained earnings Mueller Wilson $ 12,300 62,600 $ 26,600 101,500 256,000 178,000 116,000 Required: (a) Prepare a schedule of changes to the acquisition differential for the four year period ending December 31, Year 7. (Leave no cells blank be certain to enter "O" wherever required. Omit $ sign in your response. Negative/Deductible amounts should be indicated by a minus sign.) Activa Go to Required: (a) Prepare a schedule of changes to the acquisition differential for the four year period ending December 31, Year 7. (Leave no cells blank be certain to enter "0" wherever required. Omit S sign in your response. Negative/Deductible amounts should be indicated by a minus sign.) Inventory Equipment (6 years) Patents (8 years) Long-term debt (5 years). Goodwill Balance Dec. 1 Year 3 Balance Changes Year 4, 5&6 $ 118400 $ Year 7 $ Dec. 31 Year 7 $ 95000 3000 (b) Calculate consolidated net income attributable to the parent, ending retained earnings and non-controlling interest at December 31, Year 7. (Omit $ sign in your response.) Consolidated net income attributable to the parent Consolidated retained earnings Non-controlling interest $ $ $