Parson Company acquired an 80 percent interest in Syber Company on January 1, 2017. Any portion of Syber's business fair value in excess of its corresponding book value was assigned to trademarks. This intangible asset has subsequently undergone annual amortization based on a 15-year life. Over the past two years, regular intra-entity inventory sales transpired between the two companies. No payment has yet been made on the latest transfer. All dividends are paid in the same period as declared.

The individual financial statements for the two companies as well as consolidated totals for 2018 follow:

	Parson Company				Syber Company				Consolidated Totals
Sales	$	(980,000	)		$	(780,000	)		$	(1,604,000	)
Cost of goods sold		590,000				490,000				937,000
Operating expenses		136,000				154,000				292,500
Income of Syber		(101,800	)			0				0
Separate company net income	$	(355,800	)		$	(136,000	)
Consolidated net income									$	(374,500	)
Net income attributable to noncontrolling interest										18,700
Net income attributable to Parson Company									$	(355,800	)
Retained earnings, 1/1/18	$	(638,600	)		$	(326,000	)		$	(638,600	)
Net income (above)		(355,800	)			(136,000	)			(355,800	)
Dividends declared		67,000				48,000				67,000
Retained earnings, 12/31/18	$	(927,400	)		$	(414,000	)		$	(927,400	)
Cash and receivables	$	478,000			$	98,000			$	550,400
Inventory		208,000				196,000				385,500
Investment in Syber Company		443,400				0				0
Land, buildings, and equipment		416,000				314,000				730,000
Trademarks		0				0				32,500
Total assets	$	1,545,400			$	608,000			$	1,698,400
Liabilities	$	(360,000	)		$	(117,000	)		$	(417,400	)
Common stock		(210,000	)			(77,000	)			(210,000	)
Additional paid-in capital		(48,000	)			0				(48,000	)
Noncontrolling interest in Syber		0				0				(95,600	)
Retained earnings (above)		(927,400	)			(414,000	)			(927,400	)
Total liabilities and equities	$	(1,545,400	)		$	(608,000	)		$	(1,698,400	)

i. With a tax rate of 40 percent, what income tax journal entry is recorded if the companies prepare a consolidated tax return? j. With a tax rate of 40 percent, what income tax journal entry is recorded if these two companies prepare separate tax returns?

(If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)