on December 31, Year 4, PET Company acquired 900 ordinary shares of SET Company for $72,000. On this date, the shareholders' equity accounts of SET Company were as follows: Note I: The preferred shares are $1, cumulative, nonparticipating with a liquidation value of $10.40 per share. They were three years in arrears on December 31 , Year 4. The following are the statements of retained earnings for the two companies for Year 5 : Additional Information - PET uses the cost method to account for its investment in SET. - Any acquisition differential is allocated to patents with an estimated useful life of five years as at December 31 , Year 4. Neither company has any patents recorded on their separate-entity records. Required (a) Prepare a consolidated statement of retained earnings for Year 5. (b) Prepare an independent calculation of consolidated retained earnings at the end of Year 5. c) Calculate noncontrolling interest for the consolidated income statement for Year 5 and noncontrolling interest for the consolidated statement of financial position at the end of Year 5