On January $1,2024,$ Ackerman sold equipment to Brannigan $($a wholly owned subsidiary$)$ for $$350,000$ in cash. The equipment had originally cost $$315,000$ but had a book value of only $$192,500$ when transferred. On that date, the equipment had a five$-$year remaining life. Depreciation expense is computed using the straight$-$line method.

Ackerman reported $$450,000$ in net income in $2024($not including any investment income$)$ while Brannigan reported $$147,500.$ Ackerman attributed any excess acquisition$-$date fair value to Brannigan's unpatented technology, which was amortized at a rate of $$5,500$ per year.

Required:

What is consolidated net income for $2024?$

What is the parent's share of consolidated net income for $2024$ if Ackerman owns only $90$ percent of Brannigan?

What is the parent's share of consolidated net income for $2024$ if Ackerman owns only $90$ percent of Brannigan and the equipment transfer was upstream?

What is the consolidated net income for $2025$ if Ackerman reports $$470,000($does not include investment income$)$ and Brannigan $$159,000$ in income? Assume that Brannigan is a wholly owned subsidiary and the equipment transfer was downstream.