On January 1, 2012, Aspen Company acquired 80 percent of Birch Companys outstanding voting stock for $480,000. Birch reported a $495,000 book value and the fair value of the noncontrolling interest was $120,000 on that date. Also, on January 1, 2013, Birch acquired 80 percent of Cedar Company for $168,000 when Cedar had a $165,000 book value and the 20 percent noncontrolling interest was valued at $42,000. 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 $ 472,500 $ 645,000 $ 850,000 Birch Company 262,250 337,500 607,300 Cedar Company Not available 233,800 251,600 Expenses: Aspen Company $ 397,500 $ 642,500 $ 690,000 Birch Company 205,000 267,000 520,000 Cedar Company Not available 219,000 219,000 Dividends declared: Aspen Company $ 20,000 $ 35,000 $ 45,000 Birch Company 15,000 15,000 15,000 Cedar Company Not available 3,000 8,000 Assume that each of the following questions is independent:

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 $15,500 12/31/13 16,700 12/31/14 33,600 What is the realized income of Birch in 2013 and 2014, respectively?