On January $1,2021,$ Ackerman sold equipment to Brannigan $($a wholly owned subsidiary$)$ for $$290,000$ in cash. The equipment had

originally cost $$261,000$ but had a book value of only $$159,500$ when transferred. On that date, the equipment had a five$-$year

remaining life. Depreciation expense is computed using the straight$-$line method.

Ackerman reported $$390,000$ in net income in $2021($not including any investment income$)$ while Brannigan reported $$127,700.$

Ackerman attributed any excess acquisition$-$date fair value to Brannigan's unpatented technology, which was amortized at a rate of

$$4,900$ per year.

a$.$ What is consolidated net income for $2021?$

b$.$ What is the parent's share of consolidated net income for $2021$ if Ackerman owns only $90$ percent of Brannigan?

c$.$ What is the parent's share of consolidated net income for $2021$ if Ackerman owns only $90$ percent of Brannigan and the equipment

transfer was upstream?

d$.$ What is the consolidated net income for $2022$ if Ackerman reports $$410,000($does not include investment income$)$ and Brannigan

$$138,600$ in income? Assume that Brannigan is a wholly owned subsidiary and the equipment transfer was downstream.