On January 1, 2012, Aspen Company acquired 80 percent of Birch Companys outstanding voting stock for $332,000. Birch reported a $370,000 book value and the fair value of the noncontrolling interest was $83,000 on that date. Also, on January 1, 2013, Birch acquired 80 percent of Cedar Company for $184,000 when Cedar had a $197,000 book value and the 20 percent noncontrolling interest was valued at $46,000. 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		$ 585,000	$	585,000	$	885,000
Birch Company		246,250		315,500		454,500
Cedar Company		Not available		221,200		238,800
Expenses:
Aspen Company		$ 530,000	$	420,000	$	642,500
Birch Company		189,000		247,000		375,000
Cedar Company		Not available		202,000		204,000
Dividends declared:
Aspen Company		$ 15,000	$	30,000	$	40,000
Birch Company		8,000		15,000		15,000
Cedar Company		Not available		4,000		12,000

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?

Investment in Birch: NEED ANSWER

b. What is the consolidated net income for this business combination for 2014?

Consolidated net income: NEED ANSWER

c. What is the net income attributable to the noncontrolling interest in 2014?

Noncontrolling interests' share of consolidated net income: NEED ANSWER

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	$15,000
12/31/13	19,000
12/31/14	34,400

What is the realized income of Birch in 2013 and 2014, respectively?

2013 realized income: NEED ANSWER

2014 realized income: NEED ANSWER