On January 1, 2020, Abbey acquires 90 percent of Benjamin's outstanding shares. Financial information for these two companies for the years 2020 and 2021 follows (credit balances indicated by parentheses): 2020 2021 Abbey Company: Sales $ (784,000) $ (890,000) Operating expenses 540,000 546,000 Intra-entity gross profits in ending inventory (included in above figures) (122,000) (235,000) Dividend income-Benjamin Company (9,000) (40,500) Benjamin Company: Sales Operating expenses Dividends paid (275,000) 156,000 (10,000) (284,000) 182,000 (45,000) Assume that a tax rate of 21 percent is applicable to both companies. a. On consolidated financial statements for 2021, what are the income tax expense and the income tax currently payable if Abbey and Benjamin file a consolidated tax return as an affiliated group? b. On consolidated financial statements for 2021, what are the income tax expense and income tax currently payable if they choose to file separate returns? Amount a. Income tax expense Income tax payable b. Income tax expense a. 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? b. What is the consolidated net income for this business combination for 2021? c. What is the net income attributable to the noncontrolling interest in 2021? 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 12/31/19 $12,500 12/31/20 12/31/21 19,600 26,900 What is the accrual-based net income of Birch in 2020 and 2021, respectively? Complete this question by entering your answers in the tabs below. Req A to C Req 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: 12/31/19 Date Amount $12.500