Patrice Inc. purchased 90% of the voting shares of Sarah Inc. for $600,000 on January 1, 2019. On that date, Sarah's common shares and retained earnings were valued at $200,000 and $250,000 respectively. In Patrices non consolidated financial statements it uses the cost method to account for its investment in Sarah Inc. Sarah's fair values approximated its carrying values with the following exceptions: Sarah's trademark had a fair value which was $50,000 higher than its carrying value. Sarah's bonds payable had a fair value which was $20,000 higher than their carrying value. The trademark had a useful life of exactly ten years remaining from the date of acquisition. The bonds payable mature on January 1, 2029. Both Patrice and Sarah use the straight line method of amortization. The financial statements of both companies for the year ended December 31, 2020 are shown below: Income Statements

	Patrice Inc.	Sarah Inc.
Sales	$700,000	$640,000
Other Revenues	$300,000	$160,000
Less: Expenses:
Cost of Goods Sold	$280,000	$256,000
Depreciation Expense	$30,000	$14,000
Other Expenses	$240,000	$155,000
Income Tax Expense	$90,000	$75,000
Net Income	$360,000	$300,000

Retained Earnings Statements

	Patrice Inc.	Sarah Inc.
Balance, January 1, 2020	$200,000	$100,000
Net Income	$360,000	$300,000
Less: Dividends	($60,000)	($50,000)
Retained Earnings, Dec 31, 2020	$500,000	$350,000
Balance Sheets
	Patrice Inc.	Sarah Inc.
Cash	$200,000	$150,000
Accounts Receivable	$50,000	$150,000
Inventory	$50,000	$150,000
Investment in Sarah Inc.	$600,000
Equipment (net)	$500,000	$150,000
Trademark		$200,000
Total Assets	$1,400,000	$800,000
Current Liabilities	$280,000	$150,000
Bonds Payable	$120,000	$100,000
Common Shares	$500,000	$200,000
Retained Earnings	$500,000	$350,000
Total Liabilities and Equity	$1,400,000	$800,000

Other Information: A goodwill impairment test conducted during August 2020 revealed that the Sarah's Goodwill amount on the date of acquisition had been impaired by $10,000. During 2019, Patrice sold $50,000 worth of inventory to Sarah, 60% of which was sold to outsiders during the year. During 2020, Patrice sold inventory to Sarah for $90,000. Two-thirds of this inventory was resold by Sarah to outside parties. During 2019, Sarah sold $30,000 worth of inventory to Patrice, 90% of which was sold to outsiders during the year. During 2020, Sarah sold inventory to Patrice for $40,000. 75% of this inventory was resold by Patrice to outside parties. As of December 31, 2020, Patrice still owes $20,000 to Sarah for the inventory. All intercompany sales as well as sales to outside parties earn a gross margin on sales of 20%.

Since Patrice acquired Sarah, Patrice has charged Sarah an annual management fee of $30,000. Sarah has paid Patrice for the management services on December 31^st of each year.

Required:

What would be the amount of other revenue appearing on Patrice Inc.'s consolidated income statement for the year ended December 31, 2020?

What is the total amount of unrealized profits in inventory at the end of 2019 that will be realized in 2020?

What is the total amount of unrealized profits in inventory at the end of 2020?

What would be the non-controlling interest amount appearing on Patrice's consolidated statement of financial position on the date of acquisition?

What would be the non-controlling interest amount appearing on Patrice's consolidated statement of financial position at the end of 2020?

What would be the amount appearing on the December 31, 2020 consolidated statement of financial position for trademarks?

What would be the consolidated retained earnings amount appearing on Patrice's consolidated statement of financial position at the end of 2020?

What amount of sales revenue would appear on Patrice Inc.'s consolidated income statement for the year ended December 31, 2020?

What would be the amount appearing on the December 31, 2020 consolidated statement of financial position for bonds payable?