Paper Inc. obtained 80 percent control of Scissors Co. on January 1, x4 (hmmm, I bet after a while they'll sever all ties) for $580k. S' net book value on that date was $695k, and included goodwill of $10k. $12,000 of the purchase differential was allocated to a patent with a ten-year remaining estimated useful life.

On December 31, x8, P sold equipment with a book value of $20,000 and remaining life of four years to S at a loss of $12,000. During year x8 P bought 30 S bonds, creating a constructive gain on retirement of $1k and an interest elimination amount of $100 in year x9.

At the beginning of x9, S held inventory acquired from P in x8.The inventory included $4,000 of intercompany profit and was sold to an unaffiliated company in x9 by S for $6,000 more than S's cost. Also in x9, S sold inventory costing $30,000 to P for $37,000; one-half of this inventory is still held by P at the end of x9.

On July 7, year x8, S sold idle land to P for $24,000.The land's carrying amount on S's books was $18,000.During year x9, P sold the land to an unaffiliated buyer at a $7,000 gain. In year x9 there was also a downstream gain of $7k from a nondepreciable asset sale, and this amount was confirmed in year x9.

For simplicity, assume all amortizable amounts are allocated S-L over their remaining useful lives with -0- S.V. In the year x9, P reported Net Income and dividends of $120,000 and $30,000, respectively, while S reported net income of $60,000 and dividends of $10,000. Provide the following information:

Questions:

1. P's x9 III ____________

2. P's x9 investment in S account change ________

3. Total DOA Goodwill (algebraic) ____________

4. DOA MI/NCI - S (OE account) ____________