Pitino acquired 90 percent of Brey's outstanding shares on January 1, 2019, in exchange for $513,000 in cash. The subsidiary's stockholders' equity accounts totaled $497,000, and the noncontrolling interest had a fair value of $57,000 on that day. However, a building (with a ten-year remaining life) in Brey's accounting records was undervalued by $51.000. Pitino assigned the rest of the excess fair value over book value to Brey's patented technology (five-year remaining life). Brey reported net income from its own operations of $83,000 in 2019 and $99,000 in 2020. Brey declared dividends of $28,500 in 2019 and $32,500 in 2020, Brey sells inventory to Pitino as follows: Year 2019 2020 2021 Cost to Brey $ 88,000 161,000 127,500 Inventory Remaining at Transfer Price Year-End (at to Pitino transfer price) $ 210,000 $ 44,000 230,000 56,500 255.000 55,000 At December 31, 2021. Pitino owes Brey $35,000 for inventory acquired during the period. The following separate account balances are for these two companies for December 31, 2021, and the year then ended, Note: Parentheses indicate a credit balance Sales revenues Cost of goods sold Expenses Equity in earnings of Brey Net Income Retained ohningo, 1/1/21 Net Income (above) Dividends declared Retained earnings, 12/31/21 Cash and receivables Inventory Investment in Brey Land, buildings, and equipment (net) Pitino Brny $ 900,000) $(461,000) 536,000 228,000 187,300 96,000 (105,255) 0 $ (283,955) (137,000) (526,000) $(316,000) (283,955) (137,000) 148.000 55,000 5 (661,955) 5(398,000) $ 165,000 $ 117,000 350,000 255,000 645,300 0 983,000 347,000 Land, buildings, and equipment (net) Total assets Liabilities Common stock Retained earnings, 12/31/21 Total liabilities and equity 983,000 347,000 $ 2,143,300 $ 719,000 (871, 345) $ (19,000) (610,000) (302,000) (661.955) 398,000) $12,143,300) 5(719,000) a. What was the annual amortization resulting from the acquisition date fair-value allocations? b. Were the intra-entity transfers upstream or downstream? c. What intra-entity gross profit in inventory existed as of January 1, 2021? d. What intra-entity gross profit in inventory existed as of December 31, 20212 e. What amounts make up the $105,255 Equity Earnings of Brey account balance for 2021? f. What is the net income attributable to the noncontrolling interest for 2021? 9. What amounts make up the $645,300 Investment in Brey account balance as of December 31, 2021? h. Prepare the 2021 worksheet entry to eliminate the subsidiary's beginning owners' equity balances. I. Without preparing a worksheet or consolidation entries, determine the consolidation balances for these two companios. Complete this question by entering your answers in the tabs below. Reg A to D Req RegF Rea G Reg H Reg What amounts make up the $105,255 Equity Earnings of Brey account balance for 2021? % Land, buildings, and equipment (net) Total assets Liabilities Comon stock Retained earnings, 12/31/21 Total liabilities and equity 983,000 347,000 $ 2,143,300 $ 719,000 $ (871, 345) $ (19,000) (610,000) (302,000) (661,955) (398,000) $12, 143,300) $1719,000) a. What was the annual amortization resulting from the acquisition-date fair-value allocations? b. Were the intra-entity transfers upstream or downstream? c. What intra-entity gross profit in inventory existed as of January 1, 2021? d. What intra-entity gross profit in inventory existed as of December 31, 2021? e. What amounts make up the $105,255 Equity Earnings of Brey account balance for 2021? f. What is the net income attributable to the noncontrolling interest for 2021? g. What amounts make up the $645,300 Investment in Brey account balance as of December 31, 2021? h. Prepare the 2021 worksheet entry to eliminate the subsidiary's beginning owners' equity balances. 1. Without preparing a worksheet or consolidation entries, determine the consolidation balances for these two companies. Complete this question by entering your answers in the tabs below. ReqF Req A to D Reg E Reg G ReqH Reg! What is the net income attributable to the noncontrolling interest for 2021? Net Income tributable to noncontrolling interest