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please answer asap Power Inc. acquired 70% of Sky Co. on January 1, 2021. The total annual excess amortization resulting from the acquisition was $25,000

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Power Inc. acquired 70% of Sky Co. on January 1, 2021. The total annual excess amortization resulting from the acquisition was $25,000 per year. Power sold inventory to Sky in both years 2021 and 2022 . Specifically, in 2021, Power sold goods with a cost of $500,000 for $700,000 to Sky, and Sky still owned 16% of these goods at the end of 2021. In 2022, Power sold goods with a cost of $690,000 for $830,000 to Sky, and Sky still owned 10% of these goods at the end of 2022 . For 2022, the companies reported the following account balances: Requirements: (a) Compute the consolidated sales for 2022. Answer: (b) Compute the consolidated cost of goods sold for 2022. Answer: (c) Compute the noncontrolling interest's share in Sky's income for 2022. Answer: (d) Assume that the intra-entity sales were upstream (i.e. assume that it was Sky who sold inventory to Power), compute the noncontrolling interest's share in Sky's income for 2022

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