On January $1,2023,$ French Company acquired $60$ percent of K$-$Tech Company for $$319,500$ when K$-$Tech$$s book value was $$419,500.$ The fair value of the newly comprised $40$ percent noncontrolling interest was assessed at $$213,000.$ At the acquisition date, K$-$Tech's trademark $(20-$year remaining life$)$ was undervalued in its financial records by $$80,000.$ Also, patented technology $(10-$year remaining life$)$ was undervalued by $$33,000.$

In $2023,$ K$-$Tech reports $$23,500$ net income and declares no dividends. At the end of $2024,$ the two companies report the following figures $($stockholders$$ equity accounts have been omitted$)$:

Items French Company Carrying Amounts K$-$Tech Company Carrying Amounts K$-$Tech Company Fair Values

Current assets $ $633,000$ $ $313,000$ $ $333,000$

Trademarks $273,000213,000293,000$

Patented technology $423,000163,000196,000$

Liabilities $(403,000)(133,000)(133,000)$

Revenues $(913,000)(413,000)0$

Expenses $487,000313,0000$

Investment income Not given $00$

Note: Parentheses indicate a credit balance.

Required:

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

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.

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