On January $1,2023,$ French Company acquired $60$ percent of K$-$Tech Company for $$306,000$

when $K-$Tech's book value was $$406,000.$ The fair value of the newly comprised $40$ percent

noncontrolling interest was assessed at $$204,000.$ At the acquisition date, $K-$Tech's trademark $(10-$

year remaining life$)$ was undervalued in its financial records by $$80,000.$ Also, patented

technology $(5-$year remaining life$)$ was undervalued by $$24,000.$

In $2023,$ K$-$Tech reports $$24,000$ net income and declares no dividends. At the end of $2024,$ the

two companies report the following figures $($stockholders$\text{'}$ equity accounts have been omitted$)$:

Note: Parentheses indicate a credit balance.

Required:

a$.$ Compute the $2024$ consolidated net income before allocation to the controlling and

noncontrolling interests.

b$.$ In $2024,$ assuming K$-$Tech has declared no dividends, compute the noncontrolling interest's

share of the subsidiary's income and the ending balance of the noncontrolling interest in the

subsidiary.

c$.$ Compute the amount reported for trademarks in the $2024$ consolidated balance sheet.