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2020 On January 1, 2019. Aspen Company acquired 80 percent of Birch Company's voting stock for $352000. Birch reported a $380.000 book value and the fair value of the noncontrolling Interest was $88,000 on that date. Then, on January 1, 2020, Birch acquired 80 percent of Cedar Company for $128,000 when Cedar had a $106.000 book value and the 20 percent noncontrolling Interest was valued at $32,000. In each acquisition, the subsidiary's excess acquisition-date falr over book value was assigned to a trade name with a 30-year remaining life. These companies report the following financial Information. Investment Income figures are not included. 2019 2821 Sales: Aspen Company $ 512,500 $ 557,500 $ 827,500 Birch Company 239, eee 368,750 523, 2ee Cedar Company Not available 235, 280 Expenses: Aspen Company $ 480,00 $ 437,500 $ 522,500 Birch Company 286,eee 435, eee Cedar Company Not available 216,eee 267,eee Dividends declared: Aspen Company $ 18,eee $ 45,eee $ 55, eee Birch Company 8,eee 28,eee 20.eee Cedar Company Not available 2,eee 310,200 177,820 6.800 Assume that each of the following questions is Independent: a. If all companies use the equity method for Internal reporting purposes, what is the December 31, 2020, balance in Aspen's Investment In Birch Company account? b. What is the consolidated net income for this business combination for 2021? c. What is the net Income attributable to the noncontrolling Interest In 2021? d. Assume that Birch made intra-entity Inventory transfers to Aspen that have resulted in the following Intra-entity gross profits In Inventory at the end of each year: Date 12/31/19 12/31/20 12/31/21 Amount $13, see 19,100 29,100 What is the accrual-based net income of Birch in 2020 and 2021, respectively? Complete this question by entering your answers in the tabs below. Req A to C Reg D a. If all companies use the equity method for internal reporting purposes, what is the December 31, 2020, balance in Aspen's Investment in Birch Company account? b. What is the consolidated net income for this business combination for 2021? c. What is the net income attributable to the noncontrolling interest in 2021? Show less Amount Investment in Birch at December 31, 2020 b. Consolidated net income c. Noncontrolling interests' share of the consolidated net income Req A to ReqD >