Pitino acquired 90 percent of Brey's outstanding shares on January 1, 2019, in exchange for $459,000 in cash. The subsidiary's stockholders' equity accounts totaled $443,000, and the noncontrolling interest had a fair value of $51,000 on that day. However , a building (with a ten-year remaining life) in Brey's accounting records was undervalued by $39,000. Pitino assigned the rest of the excess fair value over book value to Brey's patented technology (four-year remaining life) Brey reported net income from its own operations of $77,000 in 2019 and $93,000 in 2020. Brey declared dividends of $25,500 in 2019 and $29,500 in 2020. Brey sells Inventory to Pitino as follows: Year 2019 2020 2021 Cost to Brey $ 82,000 100,000 123, 750 Inventory Remaining at Transfer Price Year-End (at to Pitino transfer price) $ 180,000 $ 38,000 200.000 50,500 225,000 60,000 At December 31, 2021, Pitino owes Brey $29,000 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 earnings 1/1/21 Net income (above) Dividende declared Retained earnings, 12/31/21 Cash and receivables Inventory Investment in Srey Land, buildings, and equipment (net) Total assets Liabilities Common stock Retained earnings, 12/31/21 Total liabilities and equity Pitino Brey 5 (888,000) $(431,000) 528.000 222,000 186,700 84,000 (101,115) O $(274,415) 51125,000) 5 (514,000) $(304,000) (274,4157 (125,000) 142.000 32,000 $ (646,415) 5(397,000) $ 259.000 $111.000 320,000 201.000 592.470 99,000 360,000 $ 2,048,470 5 672,000 $ (622,055) 5 121,000) 580,000) 1254,000) (666.415 397,000) 5(2,048,470) 51672,000) 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, 20217 e. What amounts make up the $101,115 Equity Earnings of Brey account balance for 20217 1. What is the net income attributable to the noncontrolling interest for 2021? 9. What amounts make up the $592,470 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. Reg A to D Reg E Reg F Reg Reg Reg! What amounts make up the $592,470 Investment in Brey account balance as of December 31, 2017 Investment in Brey (consideration transferred) Net income of Brey 0 Dividends declared by Brey 0 5 ReqF RegH> Prev BRE Nex Complete this question by entering your answers in the tabs below. Reg A to D RegE ReGF Req Reg H Regt Prepare the 2021 worksheet entry to eliminate the subsidiary's beginning owners' equity balances. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) view transaction list Consolidation Worksheet Entries > Prepare entry s Note: Enter debits before credits Accounts Debit Credit Transaction 1 Record entry Clear anbey view general journal Prey 1 of 1 Next 1 Reg A to D ReqE Reg F Reg G Reg Pleat Without preparing a worksheet or consolidation entries, determine the consolidation balances for these two companies. (Input all amounts as positive values.) Consolidated Balance Sales revenues Cost of goods sold Expenses Equity in earnings of Brey Consolidated net income Noncontrolling Interest in consolidated net income Consolidated net income to Pitino Retained earnings, 1/1/21 Dividends declared Retained earnings, 12/31/21 Cash and receivables Inventory Investment in Brey Land, buildings, and equipment (net) Patented technology Total Assets Liabilities Noncontrolling Interest in Brey, 12/31/21 Common Stock Retained earnings, 12/31/21 Total liabilities and equity