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Parker Company acquired a 70 interest in Camma Company on January 1, 2021 in exchange for various consideroticas totaling 5665,000. At the equition date the

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Parker Company acquired a 70 interest in Camma Company on January 1, 2021 in exchange for various consideroticas totaling 5665,000. At the equition date the fair value of the son controlling forest wis $285.000. Gamma's book value of assets on that date costed of common stock of $390,000 and retained earnings of 5410,000. Parkettbuted the excess of fair vorunna bok va to undervalued equipment with a 10 ya msining life Reported net income for 2021 was 5300,000 for Parker and 110.000 for Gama Parker distributed S100.000 in dividends during 2021; Gamma paid $40,000 Gamma regularly sesinory to Parker at a 25 percent gross profile Parker consistently told the merchandise in the year of acquisition or in the period immediately following Transfers for the two Sears after this business combination were the following Inventory Remaining at Year-End Year Transfer Price for transfer Nice 2021 500.000 S16.000 2022 550.000 $2.000 The following selected account balances are from the individual financial records of these two companies of December 31, 2022 Gamma 5500.000 300000 60.000 60.000 320,000 120.000 Parker Sales SOLO Cost of goods sold 500.000 Operating expenses LOD.000 Dividend paid 115.000 Inventory 140.000 Brumont (net 300000 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 the amount of Equity in Camma Faring for year 20222 2. What is the amount of no controlling interest net income for 2022 3. What was the balance of Investment in Gamma on Parker's books of December 31, 2021 4. Determine the consolidated balance of sales for 2022 5 Determine the consolidated balance of cost of goods sold for 2022 6. Determine the consolidated balance of operating expenses for 2002 7. Determine the consolidated balance of inventory arof December 31, 2022 & Determine the consolidated balance of equipment as of December 31, 2022

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