On January 1, 20X1, Pride, Inc. acquired 80% of the outstanding voting common stock of Strong Corp. for $364,000. On this date, equipment (with a five-year life) was undervalued on Strong's books by $35,000. Any remaining excess was attributable to goodwill. As of December 31, 20X1, the financial statements appeared as follows:

	Pride		Strong
Revenues	$420,000		$280,000
Cost of Goods Sold	196,000		112,000
Operating Expenses	28,000		14,000
Investment Income	100,800
Net Income	$296,800		$154,000
Retained Earnings, 1/1/20X1	$420,000		$210,000
Net Income (From Above)	296,800		154,000
Dividends	0		0
Retained Earnings, 12/31/20X1	$716,800		$364,000
Cash and Receivables	$294,000		$126,000
Inventory	210,000		154,000
Investment in Strong	464,800
Equipment (net)	616,000		420,000
Total Assets	$1,584,800		$700,000
Liabilities	$588,000		$196,000
Common Stock	280,000		140,000
Retained Earnings, 12/31/20X1	716,800		364,000
Total Liabilities and Equity	$1,584,800		$700,000

During 20X1, Pride bought inventory for $112,000 and sold it to Strong for $140,000; 60% of these goods were unsold on December 31, 20X1. Only half of this purchase had been paid for by Strong by the end of the year.

What is the consolidated total for equipment (net) at December 31, 20X1?

A.) $952,000.

B.) $1,058,400.

C.) $1,069,600.

D.) $1,064,000.

E.) $1,066,800.

On January 1, 20X1, Pride, Inc. acquired 80% of the outstanding voting common stock of Strong Corp. for $364,000. On this date, equipment (with a five-year life) was undervalued on Strong's books by $35,000. Any remaining excess was attributable to goodwill. As of December 31, 20X1, the financial statements appeared as follows:

	Pride		Strong
Revenues	$420,000		$280,000
Cost of Goods Sold	196,000		112,000
Operating Expenses	28,000		14,000
Investment Income	100,800
Net Income	$296,800		$154,000
Retained Earnings, 1/1/20X1	$420,000		$210,000
Net Income (From Above)	296,800		154,000
Dividends	0		0
Retained Earnings, 12/31/20X1	$716,800		$364,000
Cash and Receivables	$294,000		$126,000
Inventory	210,000		154,000
Investment in Strong	464,800
Equipment (net)	616,000		420,000
Total Assets	$1,584,800		$700,000
Liabilities	$588,000		$196,000
Common Stock	280,000		140,000
Retained Earnings, 12/31/20X1	716,800		364,000
Total Liabilities and Equity	$1,584,800		$700,000

During 20X1, Pride bought inventory for $112,000 and sold it to Strong for $140,000; 60% of these goods were unsold on December 31, 20X1. Only half of this purchase had been paid for by Strong by the end of the year. What is the consolidated total for inventory at December 31, 20X1?

A.) $336,000.

B.) $280,000.

C.) $364,000.

D.) $347,200.

E.) $349,300.

Presented below are several figures reported for Post Inc. and Mitchell Co. as of December 31, 20X2:

	Post	Mitchell
Inventory	$200,000	$100,000
Sales	450,000	250,000
Cost of Goods Sold	250,000	190,000
Expenses	90,000	50,000

Post Inc. acquired 80% of Mitchell Co.'s outstanding common stock on January 1, 20X1. The entire difference between the amount paid and the fair value of Mitchell's net assets is attributed to a previously unrecorded patent with a fair value of $112,500. The patent is being amortized over 20 years. During 20X1, Mitchell sold Post inventory costing $60,000 for $70,000. 30% of this inventory was not sold to external parties until the following year. During the second year, Mitchell sold inventory costing $90,000 to Post for $115,000. Of this inventory, 25% remained unsold on December 31, 20X2. What is the amount of consolidated cost of goods sold for 20X2?

A.) $440,000

B.) $331,250

C.) $328,250

D.) $321,750

E.) $443,250

On January 1, 20X1, Pride, Inc. acquired 80% of the outstanding voting common stock of Strong Corp. for $364,000. On this date, equipment (with a five-year life) was undervalued on Strong's books by $35,000. Any remaining excess was attributable to goodwill. As of December 31, 20X1, the financial statements appeared as follows:

	Pride		Strong
Revenues	$420,000		$280,000
Cost of Goods Sold	196,000		112,000
Operating Expenses	28,000		14,000
Investment Income	100,800
Net Income	$296,800		$154,000
Retained Earnings, 1/1/20X1	$420,000		$210,000
Net Income (From Above)	296,800		154,000
Dividends	0		0
Retained Earnings, 12/31/20X1	$716,800		$364,000
Cash and Receivables	$294,000		$126,000
Inventory	210,000		154,000
Investment in Strong	464,800
Equipment (net)	616,000		420,000
Total Assets	$1,584,800		$700,000
Liabilities	$588,000		$196,000
Common Stock	280,000		140,000
Retained Earnings, 12/31/20X1	716,800		364,000
Total Liabilities and Equity	$1,584,800		$700,000

During 20X1, Pride bought inventory for $112,000 and sold it to Strong for $140,000; 60% of these goods were unsold on December 31, 20X1. Only half of this purchase had been paid for by Strong by the end of the year.

What is the consolidated total of non-controlling interest appearing in the balance sheet on 12/31/20X1?

A.) $100,800.

B.) $97,440.

C.) $93,800.

D.) $120,400.

E.) $117,040.