Pitino acquired 90 percent of Brey's outstanding shares on January 1, 2019. in exchange for $631,000 in cash. The subsidiary's stockholders' equity accounts totaled $15,000 and the noncontrolling interest had a fair value of $59,000 on that day. However, a building with a ten-year remaining life) in Brey's accounting records was undervalued by $30,000. Pitino assigned the rest of the excess falr value over book value to Brey's patented technology (six-year remaining life Brey reported net income from its own operations of $85.000 in 2019 and $10100D in 2020. Brey declared dividends of $29,500 in 2019 and $33.500 in 2020 Brey sells Inventory to Pitino as follows: Inventory Remaining at Cost to Transfer Price Year-End (at transfer Year to Pitino price) 2819 $ 98,688 $ 228,888 $ 46,630 2020 132,000 240,000 58,000 2021 145,750 265, 680 65,000 Brey At December 31, 2021, Pitino owes Brey $37,000 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 or Brey Net income Retained earnings, 1/1/21 Net incone (above) Dividends declared Retained earnings, 12/31/21 Cash and receivables Inventory Investment in Brey Land, buildings, and equipment (net) Total assets Liabilities Common stock Retained earnings, 12/31/21 Total liabilities and equity Pitino Brey 3 (984,630) (471,600) 535,699 230,000 187,500 188,888 (114,615) S (295, 115) 3(141, 000) 1683, 600T , 1205, 115) (141,000) 150,000 57,000 $ (675, 115) S(484,088) 187,00 $ 110,00 360,000 265,000 662,625 985, 883 349,000 2,174,625 $ 733,000 (879,510) 3 (11,600 (620, 639 (318, 680) (675, 115 (464,000 S(2,174,625) S(733,688) 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 $114,015 Equity Earnings of Brey account balance for 2021? What is the net income attributable to the noncontrolling Interest for 20217 g. What amounts make up the $002.025 Investment in Brey account balance as of December 31, 20212 h. Prepare the 2021 worksheet entry to eliminate the subsidiary's beginning owners' equity balances. L Without preparing a worksheet or consolidation entries, determine the consolidation balances for these two companies