On July 1, 2021, Tracy Company acquired a 70 percent interest in Anderson Company in exchange for consideration of $763,000 in cash and equity securities. The remaining 30 percent of Anderson's shares traded closely near an average price that totaled $327,000 both before and after Tracy's acquisition. In reviewing its acquisition, Tracy assigned a $140,500 fair value to a patent recently developed by Anderson, even though it was not recorded within the financial records of the subsidiary. This patent is anticipated to have a remaining life of five years. Anderson had book value of net assets at $848,000 on January 1, 2021. The affiliates report the following 2021 amounts from their own separate operations: Anderson Tracy $768,685 426,000 170,000 $428,000 299,000 Revenues Expenses Dividends 90,000 Assume the subsidiary's income was earned uniformly throughout the year. The subsidiary declared dividends quarterly. Answer the following questions: (Do not add dollar sign; do not add comma to your amount; round the answer to the whole number) 1. What is consolidated net income for year 2021? 2. What is consolidated net income attributable to noncontrolling interests? 3. What is consolidated net income attributable to controlling interests?

On July 1, 2021. Try Company Bourd 70 percent in Andean Company in exchance de conferito of St. In chant que han dr Ande Share to clowly estan sve price that totaled $27.000 sich before and after Tracy In view. The 100 fair vahidly developed by Andrew cell with the face and the anticipated to have a reming life of five years Anderson had bok value of 5000 on January 1, 2021 The awesome their own sperm A ROS SWARE 300 La Tro Assume the subsidiary income was earned uniformy throughout me your hobdary declare dividida quonity Answer the following questions Do not add dollar sign, do not add come to your amount: round the answer to the whole number 1. Wat is consolidated net income for year 2021 2. What is consolidated net income take to controlling 3. What is consolidate income attributie socotrolling interests? On July 1, 2021. Try Company Bourd 70 percent in Andean Company in exchance de conferito of St. In chant que han dr Ande Share to clowly estan sve price that totaled $27.000 sich before and after Tracy In view. The 100 fair vahidly developed by Andrew cell with the face and the anticipated to have a reming life of five years Anderson had bok value of 5000 on January 1, 2021 The awesome their own sperm A ROS SWARE 300 La Tro Assume the subsidiary income was earned uniformy throughout me your hobdary declare dividida quonity Answer the following questions Do not add dollar sign, do not add come to your amount: round the answer to the whole number 1. Wat is consolidated net income for year 2021 2. What is consolidated net income take to controlling 3. What is consolidate income attributie socotrolling interests