On January 1, 2016. Aspen Company acquired 80 percent of Birch Company's voting stock for $376,000. Birch reported a $395.000 book value and the fair value of the noncontrolling interest was $94.000 on that date. Then, on January 1, 2017, Birch acquired 80 percent of Cedar Company for $136.000 when Cedar had a $143.000 book value and the 20 percent noncontrolling interest was valued at $34.000. In each acquisition, the subsidiary's excess acquisition-date fair over book value was assigned to a trade name with a 30-year remaining life. These companies report the following financial information. Investment income figures are not included. 2016 2017 2018 $ 565,Bee 5 677,5ee $ 755, cee 274,252 362.See 645, 4ee Not available 215,500 239,800 Sales: Aspen Company Birch Company Cedar Company Expenses : Aspen Company Birch Company Cedar Company Dividends declared: Aspen Company Birch Company Cedar Company 5 325,$ 667,500 $ 655,eee 217.00 279,see se, eee Not available 200, Bee 197,eee $ $ $ 10, see 15,800 Not available 35,cee 20,0 3,82 45,00 20,000 8, Bee 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, 2017, balance in Aspen's Investment in Birch Company account? b. What is the consolidated net income for this business combination for 2018? c. What is the net income attributable to the noncontrolling interest in 2018? d. Assume that Birch made intra-entity Inventory transfers to Aspen that have resulted in the following intra-entity gross profits in inventory at the end of each year, Date 12/31/16 12/31/17 12/31/18 Amount $19,700 25.600 28.600 What is the accrual-based net income of Birch in 2017 and 2018, respectively? Complete this question by entering your answers in the tabs below. Req A to C Reg D a. If all companies use the equity method for internal reporting purposes, what is the December 31, 2017, balance in Aspen's Investment in Birch Company account? b. What is the consolidated net income for this business combination for 2018? c. What is the net income attributable to the noncontrolling interest in 2018? a. Investment in Birch b. Consolidated net income Noncontrolling interests' share of the consolidated net income $ Aspen Company Birch Company Cedar Company $ 10,000 15,800 Not available 35,000 $ 20,000 45,000 20,000 8,000 3,000 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, 2017 balance in Aspen Investment in Birch Company account? b. What is the consolidated net income for this business combination for 2018? c. What is the net income attributable to the noncontrolling interest in 2018? d. Assume that Birch made intra-entity inventory transfers to Aspen that have resulted in the following intra entity gross prof Inventory at the end of each year. Date 12/31/16 12/31/17 12/31/18 Amount $19,700 25,600 28,600 What is the accrual-based net income of Birch in 2017 and 2018, respectively? Complete this question by entering your answers in the tabs below. Reg A to C ReqD a. If all companies use the equity method for internal reporting purposes, what is the December 31, 2017, balance in Aspen's Investment in Birch Company account? b. What is the consolidated net income for this business combination for 2018? c. What is the net income attributable to the noncontrolling interest in 2018? Show less Investment in Birch Consolidated net income Noncontrolling interests' share of the consolidated net income Reg D > 8. If all companies use the equity method for internal reporting purposes, what is the December 31, 2017, balance in Asper Investment in Birch Company account? b. What is the consolidated net income for this business combination for 2018? c. What is the net income attributable to the noncontrolling interest in d. Assume that Birch made intra-entity inventory transfers to Aspen that have resulted in the following intra-entity gross pre Inventory at the end of each year. Date 12/31/16 12/31/17 12/31/18 Amount $19,700 25,600 28,600 What is the accrual-based net income of Birch in 2017 and 2018, respectively? Complete this question by entering your answers in the tabs below. Req Ato C Reg D Assume that Birch made intra-entity inventory transfers to Aspen that have resulted in the following intra-entity gross profits in inventory at the end of each year: Date Amount 12/31/16 12/31/17 12/31/18 $19,700 25,600 28,600 What is the accrual-based net income of Birch in 2017 and 2018, respectively? Show less 2017 2018 Realized income ( Req AtoC RD