On January 1, 2019, Aspen Company acquired 80 percent of Birch Company's voting stock for $428,000. Birch reported a $445,000 book value, and the fair value of the noncontrolling interest was $107,000 on that date. Then, on January 1, 2020, Birch acquired 80 percent of Cedar Company for $176,000 when Cedar had a $193,000 book value and the 20 percent noncontrolling interest was valued at $44,000. 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.

2019 2020 2021

Sales:

Aspen Company $572,500 $625,000 $767,500

Birch Company 255,750 363,250 582,600

Cedar Company Not available 231,900 267,000

Expenses:

Aspen Company $390,000 $607,500 $722,500

Birch Company 193,000 289,000 517,500

Cedar Company Not available 217,000 233,000

Dividends declared:

Aspen Company $20,000 $35,000 $45,000

Birch Company 5,000 18,000 18,000

Cedar Company Not available 3,000 8,000

Assume that each of the following questions is independent:

1. If all companies use the equity method for internal reporting purposes, what is the December 31, 2020, balance in Aspen's Investment in Birch Company account?

2. What is the consolidated net income for this business combination for 2021?

3. What is the net income attributable to the noncontrolling interest in 2021?

4. 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:

5. Date	Amount
   12/31/19	$19,800
   12/31/20	16,100
   12/31/21	32,300

   What is the accrual-based net income of Birch in 2020 and 2021, respectively?