On January 1, Beckman, Inc., acquires 60 percent of the outstanding stock of Calvin for $47,604. 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 $65,500, 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. Calvin's total acquisition date fair value is $79,340. At the end of the year, Calvin reports the following in its financial statements: Revenues Expenses $ 64,950 Machine 29,100 Other assets $12,150 Common stock $ 10,000 28,700 Retained earnings 30,850 Net income $ 35,850 Total assets $40,850 Total equity $ 40,850 Dividends paid $ 5,000 Determine the amounts that Beckman should report in its year-end consolidated financial statements for noncontrolling interest in subsidiary income, noncontrolling interest, Calvin's machine (net of accumulated depreciation), and the process trade secret. 8 Answer is complete but not entirely correct. Amount $ 10,876 $ 16,2768 Noncontrolling interest in subsidiary income Total noncontrolling interest Calvin's machine (net accumulated depreciation) Process trade secret 58,950 $ 10,380