On July 1, Year 4, Aaron Co. purchased 80% of the voting shares of Bondi Ltd. for $563,840. The statement of financial position of Bondi on that date follows. The accounts receivable of Bondi were collected in October, Year 4, and the inventory was completely sold by May Year 5. Bondi's fixed assets had a remaining life of 15 years on July 1, Year 4, and the bonds payable mature on June 30, Year 8. The bonds were issued on July 1, Year 1. The stated rate of interest on the bonds is 6% payable semi-annually. The market rate of interest was 8% on July 1, Year 4. Tests for impairment of goodwill indicated a loss of $8,529 in Year 5 and $5,653 in Year 6. BONDI LTD. STATEMENT OF FINANCIAL POSITION As at July 1, Year 4 Carrying Plant assets (net) Inventory Accounts receivable Cash Ordinary shares Retained earnings Bonds payable Current liabilities Fair value amount $ 560,000 $470,000 200,000 248,000 140,000 164,004 116,000 116,000 $1,016,000 $ 140,000 546,800 220,000 206,534 109,200 109,200 $1,016,000 The financial statements for Aaron and Bondi at December 31, Year 6, are presented below. Aaron has used the equity method to account for its investment in Bondi. STATEMENTS OF FINANCIAL POSITION Plant assets (net) Investment in Bondi Other investments Inventory Accounts receivable Cash Ordinary shares Retained earnings Bonds payable Current liabilities Aaron $ 740,000 $ Bondi 560,000 510,412 330,666 320,000 296,000 200,000 134,000 140,000 86,000 $1,076,000 $ 320,600 $ 140,000 1,385,278 335,000 560,200 220,000 200,200 155,800 $ 2,241,078 $ 2,241,078 $ 1,076,000 Sales INCOME STATEMENTS $ 1,281,000 Equity method income from Bondi Income from other investments Raw materials used Change in inventory Depreciation Interest expense Other expenses Profit 3,947 27,000 $ 1,220,000 1,311,947 1,220,000 $ 900,000 (79,000) $ 1,015,000 19,000 80,000 57,000 56,000 28,400 247,000 93,200 $(1,205,000) $(1,211,600) $ 106,947 $ 8,400 equirea: (a) Prepare the consolidated financial statements for the year ended December 31, Year 6. (Negative amount should be indicate a minus sign and input all other values as positive numbers. Round your intermediate computations and final answer to near whole dollar value. The balance sheet total may vary due to rounding.) Aaron Co. Consolidated Income Statement For the Year Ended December 31, Year 6 Attributable to: Aaron's shareholders Non-controlling interest k ces Assets Aaron Co. Consolidated Statement of Financial Position As at December 31, Year 6 Liabilities and Equity (b) Calculate goodwill impairment loss and non-controlling interest on the consolidated income statement for the year ended December 31, Year 6, under the identifiable net assets method. (Input all values as positive numbers. Round your intermediate computations and final answer to nearest whole dollar value. Omit $ sign in your response.) Goodwill impairment loss Non-controlling interest (c) Calculate goodwill and non-controlling interest on the consolidated statement of financial position at December 31, Year 6, under the identifiable net assets method. (Round your intermediate computations and final answer to nearest whole dollar value. Omit $ sign in your response.) Goodwill Non-controlling interest