On January 1, Beckman, Inc., acquires 60 percent of the outstanding stock of Calvin for $62,964. Calvin Co. has one recorded asset, a specialized production machine with a book value of $14,000 and no liabilities. The fair value of the machine is $93,500, 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 $104,940.

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

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

Revenues Expenses Net income $ 61,800 21,000 $ 40,800 $ 5,000 Machine Other assets Total assets $ 12,600 37,200 $ 49,800 Common stock Retained earnings Total equity $ 14,000 35,800 $ 49,800 Dividends paid Amount $ 11,996 Noncontrolling interest in subsidiary income Total noncontrolling interest Calvin's machine (net accumulated depreciation) Process trade secret