Pitino acquired 90 percent of Brey's outstanding shares on January 1, 2019, In exchange for $414,000 in cash. The subsidiary's stockholders' equity accounts totaled $398,000, and the noncontrolling interest had a fair value of $46,000 on that day. However, a bullding (with a ten-year remaining life) in Brey's accounting records was undervalued by $29,000. 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 $72,000 in 2019 and $88,000 in 2020. Brey declared dividends of $23,000 in 2019 and $27,000 in 2020. Brey sells Inventory to Pitino as follows: ad Year 2019 2020 2021 Cost to Brey $ 77,000 96,250 140,000 Tavgatory Remaining at Transfer Price Year-End (at to Pitino transfer price) $ 155,000 $ 33,000 175.000 45,000 200,000 75,000 At December 31, 2021, Pitino owes Brey $24,000 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 Cout of goods sold expenses Doily in earnings of the Het Retained earnings, 1/1/21 Net Income (above) Dividends declared. Retained earnings. 12/31/21 Cash and receivables Inventory Pin coy (670.000) $600,000) 525.000 217.000 106,200 78,000 121.460 0 #1260,240) $(115.000) (504,000) (294,000) (260,240 (115.000) 13 000 27.000 (627240) (02.000) 150,000 $ 106,000 295.000 176.000 Expenses Equity in earnings of Brey Net income Retained earnings, 1/1/21 Net income (above) Dividends declared Retained earnings, 12/31/21 Canh and receivables Inventory Investment in Brey Land, buildings, and equipment (net) Total assets Liabilities Common stock slotained earnings, 12/31/21 Total liabilities and equity 186,200 74,000 (91,440) 0 $ (260,240) $(115,000) S (504,000) $(294,000) (260, 240) (115,000) 137,000 27,000 $ (627, 240) $(382,000) $ 154,000 $ 106,000 295,000 176,000 541,845 0 972,000 336,000 $ 1.062,845 $ 618,000 $ (780,605) $ (22,000) (555,000) (214,000) (627,240) (382.000) $(1,962,845) $(618,000) 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 $91.440 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 $541,845 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