On January $1,2022,$ Aspen Company acquired $80$ percent of Birch Company's voting stock for $$458,000.$ Birch reported a $$437,500$ book value, and the fair value of the noncontrolling interest was $$114,500$ on that date. Then, on January $1,2023,$ Birch acquired $80$ percent of Cedar Company for $$216,000$ when Cedar had a $$216,000$ book value and the $20$ percent noncontrolling interest was valued at $$54,000.$ In each acquisition, the subsidiary's excess acquisition$-$date fair over book value was assigned to a trade name with a $30-$year remaining life.

These companies report the following financial information. Investment income figures are not included.

Items $202220232024$

Sales:

Aspen Company $ $555,000$ $ $622,500$ $ $835,000$

Birch Company $254,750310,000451,000$

Cedar Company Not available $194,200238,800$

Expenses:

Aspen Company $ $455,000$ $ $600,000$ $ $692,500$

Birch Company $208,000241,000385,000$

Cedar Company Not available $180,000194,000$

Dividends declared:

Aspen Company $ $15,000$ $ $30,000$ $ $40,000$

Birch Company $15,00018,00018,000$

Cedar Company Not available $4,00012,000$

Assume that each of the following questions is independent:

Required:

What is the net income attributable to the noncontrolling interest in $2024?$

Assume that Birch made intra$-$entity inventory transfers to Aspen that have resulted in the following intra$-$entity gross profits in inventory at the end of each year:

Date Amount

$12/31/22$ $ $11,300$

$12/31/2320,300$

$12/31/2430,900$

What is the accrual$-$based net income of Birch in $2023$ and $2024,$ respectively?