On January 1, 2021, Ackerman sold equipment to Brannigan (a wholly owned subsidiary) for $340,000 in cash. The equipment had originally cost $306,000 but had a book value of only $187,000 when transferred. On that date, the equipment had a five-year remaining life. Depreciation expense is computed using the straight-line method. Ackerman reported $440,000 in net income in 2021 (not including any investment income) while Brannigan reported $144,200.

Ackerman attributed any excess acquisition-date fair value to Brannigan's unpatented technology, which was amortized at a rate of $5,400 per year.

A. What is consolidated net income for 2021?

B. What is the parent's share of consolidated net income for 2021 if Ackerman owns only 90 percent of Brannigan?

C. What is the parent's share of consolidated net income for 2021 if Ackerman owns only 90 percent of Brannigan and the equipment transfer was upstream?

D. What is the consolidated net income for 2022 if Ackerman reports $460,000 (does not include investment income) and Brannigan $155,600 in income? Assume that Brannigan is a wholly owned subsidiary and the equipment transfer was downstream.