On January 1,206, Anderson Corporation acquired 80 percent of Beech Corporation for $240,000 cash. On January 1,206, 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 207. 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 207 income statement? - Compute the balance reported by Anderson as its investment in Beech at December 31, 207. - In the December 31, 20X6, consolidated balance sheet, the amount of noncontrolling interest reported should be