Placid Lake Corporation acquired $80$ percent of the outstanding voting stock of Scenic, Inc., on January $1,2020,$ when Scenic had a

net book value of $$630,000.$ Any excess fair value was assigned to intangible assets and amortized at a rate of $$6,000$ per year.

Placid Lake's $2021$ net income before consideration of its relationship with Scenic $($and before adjustments for intra$-$entity sales$)$ was

$$530,000.$ Scenic reported net income of $$340,000.$ Placid Lake declared $$160,000$ in dividends during this period; Scenic paid

$$63,000.$ At the end of $2021,$ selected figures from the two companies' balance sheets were as follows:

During $2020,$ intra$-$entity sales of $$190,000($original cost of $$88,000)$ were made. Only $20$ percent of this inventory was still held within

the consolidated entity at the end of $2020.$ In $2021,$$$320,000$ in intra$-$entity sales were made with an original cost of $$82,000.$ Of this

merchandise, $30$ percent had not been resold to outside parties by the end of the year.

Each of the following questions should be considered as an independent situation for the year $2021.$

a$.$ What is consolidated net income for Placid Lake and its subsidiary?

b$.$ If the intra$-$entity sales were upstream, how would consolidated net income be allocated to the controlling and noncontrolling

interest?

c$.$ If the intra$-$entity sales were downstream, how would consolidated net income be allocated to the controlling and noncontrolling

interest?

d$.$ What is the consolidated balance in the ending Inventory account?

e$.$ Assume that no intra$-$entity inventory sales occurred between Placid Lake and Scenic. Instead, in $2020,$ Scenic sold land costing

$$53,000$ to Placid Lake for $$96,000.$ On the $2021$ consolidated balance sheet, what value should be reported for land?

f$-1.$ Assume that no intra$-$entity inventory or land sales occurred between Placid Lake and Scenic. Instead, on January $1,2020,$ Scenic

sold equipment $($that originally cost $$160,000$ but had a $$83,000$ book value on that date$)$ to Placid Lake for $$116,000.$ At the time

of sale, the equipment had a remaining useful life of five years. What worksheet entries are made for a December $31,2021,$

consolidation of these two companies to eliminate the impact of the intra$-$entity transfer?

f$-2.$ Assume that no intra$-$entity inventory or land sales occurred between Placid Lake and Scenic. Instead, on January $1,2020,$ Scenic

sold equipment $($that originally cost $$160,000$ but had a $$83,000$ book value on that date$)$ to Placid Lake for $$116,000.$ At the time

of sale, the equipment had a remaining useful life of five years. For $2021,$ what is the noncontrolling interest's share of Scenic's net

income? Please help me figure out F$1,$ I do not know how to solve for the accumlated depreciation