On January 1, 2012, Aspen Company acquired 80 percent of Birch Companys outstanding voting stock for $504,000. Birch reported a $510,000 book value and the fair value of the noncontrolling interest was $126,000 on that date. Also, on January 1, 2013, Birch acquired 80 percent of Cedar Company for $160,000 when Cedar had a $164,000 book value and the 20 percent noncontrolling interest was valued at $40,000. In each acquisition, the subsidiarys excess acquisition-date fair over book value was assigned to a trade name with a 30-year life. These companies report the following financial information. Investment income figures are not included. 2012 2013 2014 Sales: Aspen Company $ 515,000 $ 595,000 $ 740,000 Birch Company 285,000 398,750 631,000 Cedar Company Not available 249,800 258,800 Expenses: Aspen Company $ 397,500 $ 442,500 $ 530,000 Birch Company 237,000 315,000 557,500 Cedar Company Not available 233,000 216,000 Dividends declared: Aspen Company $ 20,000 $ 45,000 $ 55,000 Birch Company 10,000 15,000 15,000 Cedar Company Not available 2,000 6,000 a If all companies use the equity method for internal reporting purposes, what is the December 31, 2013, balance in Aspen's Investment in Birch Company account b What is the consolidated net income for this business combination for 2014? c What is the net income attributable to the noncontrolling interest in 2014? d Assume that Birch made intra-entity inventory transfers to Aspen that have resulted in the following unrealized gross profits at the end of each year: Date Amount 12/31/12 $11,100 12/31/13 20,700 12/31/14 28,400 What is the realized income of Birch in 2013 and 2014, respectively?