Partial trial balance data for Profile Corporation, Shadow Company, and the consolidated entity at December 31, 20X7, are as follows: Item Profile Corporation $ 66,600 (d) 166,000 322,600 70,400 (f) 248,000 45,500 Shadow Company $ 26,300 36,700 79,500 168,000 92,000 Consolidated Entity $ 92,900 127,200 245,500 (i) 160,400 179,000 11,800 19,900 26,000 16,600 20,600 Cash Accounts Receivable Inventory Buildings & Equipment Land Investment in Shadow Company Cost of Goods Sold Depreciation Expense Amortization Expense Miscellaneous Expense Dividends Declared Income to Noncontrolling Interest Copyrights Total Debits Accumulated Depreciation Accounts Payable Common Stock Additional Paid-in Capital Retained Earnings Income from Shadow Company Sales Gain on Sale of Land Noncontrolling Interest Total Credits 427,000 65,700 (e) 36,500 26,000 (1) 4,200 $1,711,000 $ (j) 101,200 (a) 143,000 (k) $1,199,000 $ 187,500 26,400 102,000 (b) 381,800 10,300 346,000 (g) $630,500 $ 82,500 88,000 51,000 68,000 81,000 (c) 606,000 (h) 90,600 $1,711,000 $1,199,000 $630,500 Additional Information 1. Profile Corporation acquired 60 percent ownership of Shadow Company on January 1, 20X4, for $111,000. Shadow reported net assets of $153,000 at that date, and the fair value of the noncontrolling interest was estimated to be $73,200. The full amount of the differential at acquisition is assigned to copyrights that are being amortized over a six-year life. 2. On August 13, 20X7, Profile sold land to Shadow for $29,600. Profile also has accounts receivable from Shadow on services performed prior to the end of 20x7. 3. Shadow sold equipment it had purchased for $61,500 on January 1, 20X4, to Profile on for $49,200 January 1, 20X6. The equipment is depreciated on a straight-line basis and had a total expected useful life of five years when Shadow purchased it. No change in life expectancy resulted from the intercompany transfer. Assume Profile uses the fully adjusted equity method. 4. Assume Profile Corp. does not use the optional accumulation depreciation consolidation entry. Required: Compute the dollar amount for each of the balances identified by a letter. (Refer to the table above for the letter associated with each entry cell.) Profile Shadow Consolidated Corporation Company Entity $ 66,600 $ 26,300 $ 92,900 36,700 127,200 166,000 79,500 245,500 322,600 168,000 70,400 92,000 160,400 248,000 45,500 179,000 11,800 427,000 65,700 19,900 26,000 16,600 20,600 36,500 26,000 Cash Accounts Receivable Inventory Buildings & Equipment Land Investment in Shadow Company Cost of Goods Sold Depreciation Expense Amortization Expense Miscellaneous Expense Dividends Declared Income to Noncontrolling Interest Copyrights Total Debits Accumulated Depreciation Accounts Payable Common Stock Additional Paid-in Capital Retained Earnings Income from Shadow Company Sales Gain on Sale of Land Noncontrolling Interest Total Credits 4,200 $1,199,000 $630,500 $ 1,711,000 $ 187,500 $ 82,500 26,400 88,000 101,200 102,000 51,000 68,000 143,000 381,800 81,000 10,300 346,000 606,000 90,600 $1,199,000 $630,500 $ 1,711,000