Pitino acquired 90 percent of Brey's outstanding shares on January 1, 2019, in exchange for $522,000 in cash. The subsidiary's stockholders' equity accounts totaled $506,000, and the noncontrolling Interest had a falr value of $58.000 on that day. However, a building (with a ten-year remaining life) in Brey's accounting records was undervalued by $28,000. Pitino assigned the rest of the excess falr value over book value to Brey's patented technology (four-year remaining life). Brey reported net income from its own operations of $84.000 in 2019 and $100.000 in 2020. Brey declared dividends of $29.000 in 2019 and $33.000 in 2020. Brey sells Inventory to Pitino as follows: Year 2019 2020 2021 Cost to Brey $ 89,680 141,880 156.000 Transfer Price to Pitino $ 215,eee 235, eee 260.ece Inventory Remaining at Year-End (at transfer price) $ 45, eee 57,eee 68,888 At December 31, 2021. Pitino owes Brey $36,000 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) Dividends declared Retained earnings, 12/31/21 Cash and receivables Inventory Investnent in Brey Land, buildings, and equipment (net) Total assets Liabilities Common stock Retained earnings, 12/31/21 Total liabilities and equity Pitino Brey $ (9e2,eee) $ (466,880) 535, eee 229,880 187,400 98,880 (111,150) $ (298,758) $(139,820) $ (528,eee) $ (318,880) (299,750) (139,880) 149.00 56.ee $ (669,758) $ (481,880) $ 166,eee $ 118,680 355,600 26e,680 646,290 e 984.ee 348.000 $ 2,151,290 $ 726,880 $ (866,548) $ (15,980) (615,000) (310,680) (669,750) (481,000) $(2,151,290) $ (726,880) Reg A to D ReqE ReqF Rey G ReqH Req! What amounts make up the $111,150 Equity Earnings of Brey account balance for 2021? % Rey A to D ReqE ReqF ReqG ReqH Rey 1 What is the net income attributable to the noncontrolling interest for 2021? Net income attributable to noncontrolling interest Req Ato D Rey E Red F ReqG ReqH Req! What amounts make up the $546,290 Investment in Brey account balance as of December 31, 2021? Investment in Brey (consideration transferred) Net income of Brey 0 0 Dividends declared by Brey 0 % S 0 Prepare the 2021 worksheet entry to eliminate the subsidiary's beginning owners' equity balances. (If no ent transaction/event, select "No journal entry required" in the first account field.) view transaction llat Consolidation Worksheet Entries