On January 1, 20X6, Anderson Corporation acquired 80 percent of Beech Corporation for $240,000 cash. On January 1, 20X6, the fair value of the noncontrolling interest was $60,000. On that date, Beech reported common stock outstanding of $160,000 and retained earnings of $60,000. It held land with a book value of $40,000 and a market value of $50,000 and equipment with a book value of $60,000 and a market value of $75,000 at the date of combination. The remainder of the differential at acquisition was attributable to an increase in the value of patents, which had a remaining useful life of five years. All depreciable assets held by Beech at the date of acquisition had a remaining economic life of five years. Beech reported net income of $60,000 and dividends of $15,000 for 20X6. It reported net income of $80,000 and dividends of $15,000 for 20X7. Anderson uses the equity method in accounting for its investment in Beech.

Answer the following questions:

(Do not add dollar sign; do not add comma to your amount; round the answer to the whole number)

The amount of differential assigned to patents would be

What amount should Anderson report as Income from Beech on its 20X6 income statement?

What amount should Anderson report as Income from Beech on its 20X7 income statement?

Compute the balance reported by Anderson as its investment in Beech at December 31, 20X7. ?

In the December 31, 20X6, consolidated balance sheet, the amount of noncontrolling interest reported should be?