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On January 1, Year 5, Pic Company acquired 7,500 ordinary shares of Sic Company for $771,000. On January 1, Year 6, Pic Company acquired an

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On January 1, Year 5, Pic Company acquired 7,500 ordinary shares of Sic Company for $771,000. On January 1, Year 6, Pic Company acquired an additional 2,000 ordinary shares of Sic Company for $210,000. On January 1, Year 5, the shareholders' equity of Sic was as follows:

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Ordinary shares (10,000 no par value shares issued) $ 200, 900 Retained earnings 360,900 $ 560, 900 The following are the statements of retained earnings for the two companies for Years 5 and 6: Pic Sic Year 5 Year 6 Year 5 Year 6 Retained earnings, beginning of year $ 620,000 $ 659,000 $ 360, 900 $ 416, 900 Profit 139, 900 189, 500 146, 900 175, 500 Dividends (100, 900 ) (120, 000 ) (90, 900 ) (90, 000 ) Retained earnings, end of year $ 659,900 $ 728, 500 $ 416, 000 $ 501, 500lb} Calculate the following account balances for the consolidated statement of financial position at December 31, Year 6: {Omit $ sign in your response} (i) Customer contracts 5 in (ii) Noncontrolling interest (iii) Retained earnings 5

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