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On January 1, Beckman, Inc., acquires 60 percent of the outstanding stock of Calvin for $51,816. Calvin Co. has one recorded asset, a specialized production

On January 1, Beckman, Inc., acquires 60 percent of the outstanding stock of Calvin for $51,816. Calvin Co. has one recorded asset, a specialized production machine with a book value of $13,500 and no liabilities. The fair value of the machine is $73,000, and the remaining useful life is estimated to be 10 years. Any remaining excess fair value is attributable to an unrecorded process trade secret with an estimated future life of 4 years. Calvins total acquisition date fair value is $86,360.

At the end of the year, Calvin reports the following in its financial statements:

Revenues $ 76,350 Machine $ 12,150 Common stock $ 10,000
Expenses 34,200 Other assets 35,000 Retained earnings 37,150
Net income $ 42,150 Total assets $ 47,150 Total equity $ 47,150
Dividends paid $ 5,000

Determine the amounts that Beckman should report in its year-end consolidated financial statements for noncontrolling interest in subsidiary income, total noncontrolling interest, Calvins machine (net of accumulated depreciation), and the process trade secret. (Input all amounts as positive values.)

Amounts
Noncontrolling interest in subsidiary income $
Total noncontrolling interest $
Calvin's machine (net accumulated depreciation) $
Process trade secret $

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