On January 1, 2023, French Company acquired 60 percent of K-Tech Company for $319,500 when K-Techs book value was $419,500. The fair value of the newly comprised 40 percent noncontrolling interest was assessed at $213,000. At the acquisition date, K-Tech's trademark (20-year remaining life) was undervalued in its financial records by $80,000. Also, patented technology (10-year remaining life) was undervalued by $33,000.

In 2023, K-Tech reports $23,500 net income and declares no dividends. At the end of 2024, the two companies report the following figures (stockholders equity accounts have been omitted):

Items	French Company Carrying Amounts	K-Tech Company Carrying Amounts	K-Tech Company Fair Values
Current assets	$ 633,000	$ 313,000	$ 333,000
Trademarks	273,000	213,000	293,000
Patented technology	423,000	163,000	196,000
Liabilities	(403,000)	(133,000)	(133,000)
Revenues	(913,000)	(413,000)	0
Expenses	487,000	313,000	0
Investment income	Not given	0	0

Note: Parentheses indicate a credit balance.

Required:

1. Compute the 2024 consolidated net income before allocation to the controlling and noncontrolling interests.
2. In 2024, assuming K-Tech has declared no dividends, compute the noncontrolling interests share of the subsidiarys income and the ending balance of the noncontrolling interest in the subsidiary.
3. Compute the amount reported for trademarks in the 2024 consolidated balance sheet.

a. Consolidated net income
b (1) Noncontrolling interests share of the subsidiarys income
b (2) Noncontrolling interest at the end of 2024
C. Consolidated trademarks