On January 1st, 2021, Jansport purchased 90% of Ticonderoga (Ticon) for 2,700,000. The net book value of assets was 2,000,000 (1,000,000 C/S 500,000 APIC, and 500,000 retained earnings), where the only difference was an undervalued inventory of 200,000, undervalued equipment of 300,000 with a six-year useful life, and an unrecorded patent of 300,000 with a useful life of 15 years. The net income for TICON in 2021 was 500,000, and there were no dividends. This year (2022) and there was net income of 2,000,000, and dividends were declared for 50,000. Additionally, Jansport has an account receivable due from Ticon at year's end for 25,000.

Required:

Prepare all work paper entries for the consolidation for 2022. Also, provide the ending balance of Non-controlling interest and the amount of the investment at year-end.