Plymouth, Inc., acquired 80 percent of the outstanding common stock of Sledge Corporation on January 1, 2017, for $ 640,000 cash.The consideration transferred by Plymouth provided a reasonable basis for assessing the total January 1, 2017, fair value of Sledge Company. The book value of Sledge on that day is $ 600,000.Also, several individual items on Sledge's financial records had fair values that differed from their book values as follows:

Book value Fair value

Buildings and equipment (5-year remaining life) 70,000 100,000

Copyright (10-year life) 10,000 50,000

Plymouth used the equity method to account for the investment. Financial records from these two companies' separate books as of December 31, 2018 are following. Credit balances are indicated by parentheses.

Plymouth Sledge Consolidated Totals

Revenues (860,000) (160,000)

Cost of goods sold 200,000 80,000

Depreciation expense 60,000 14,000

Amortization expense 3,000 1,000

Equity in Sledge earnings (44,000)

Net income (641,000) (65,000)

Noncontrolling interest in Sledge's net income

Controlling interest in consolidated net income

Statement of Retained Earnings

Retained Earnings, 1/1/18 (700,000) (300,000)

Net income (above) (641,000) (65,000)

Dividends paid 50,000 20,000

Retained earnings, 12/31/18 (1,291,000) (345,000)

Balance Sheet

Current assets 646,000 291,000

Investment in Sledge 684,000 -

Land 400,000 360,000

Buildings and equipment (net) 300,000 56,000

Copyright 51,000 8,000

Goodwill - ?

Total assets 2,081,000 715,000

Accounts payable (190,000) (40,000)

Noncontrolling interest in Sledge, 12/31/18

Common stock (500,000) (280,000)

Additional paid-in capital (100,000) (50,000)

Retained earnings, 12/31/18 (1,291,000) (345,000)

Total liabilities and equities (2,081,000) (715,000)

What is consolidated Depreciation expense?

Use the same information in Question 31. What is consolidated Amortization expense?

Use the same information in Question 31. What is consolidated Equity in Sledge earnings?

Use the same information in Question 31. What is consolidated Net income?

Use the same information in Question 31. What is Noncontrolling interest in Sledge's net income?

Use the same information in Question 31. What is Controlling interest in consolidated net income?

Use the same information in Question 31. What is consolidated Dividends paid?

Use the same information in Question 31. What is consolidated Investment in Sledge?

Use the same information in Question 31. What is consolidated Buildings and equipment (net)?

Use the same information in Question 31. What is consolidated Goodwill?

Use the same information in Question 31. What is consolidated Total assets?

Use the same information in Question 31. What is Noncontrolling interest in Sledge 12/31/2018?

Use the same information in Question 31. What is consolidated Retained earnings 12/31/2018?

Use the same information in Question 31 but assume instead the noncontrolling interest's acquisition-date fair value is assessed at $140,000. What is the Noncontrolling interest as of December 31, 2018?