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Point Company acquired 80 percent of the stock of Slash Corp. on January 1, 2020. The stockholder's equity section at that date is as follows:

Point Company acquired 80 percent of the stock of Slash Corp. on January 1, 2020.
The stockholder's equity section at that date is as follows:
Stockholders Equity Section
Point
Slash
Common Stock
600,000
$200,000
Additional Paid in Capital
1,000,000
400,000
Retained Earnings
800,000
600,000
Accumulated Other comprehensive Income
100,000
50,000
Total Stockholders Equity
$2,500,000
$1,250,000
Point financed the acquisition by using $1,000,000 cash and giving a note payable for $125,000. Book value approximated fair value for all of Slash's assets and liabilities except for:
Buildings which had a fair value of $50,000 more than its book value and a remaining useful life of 10 years.
Land which had a fair value of $40,000 more than its book value.
Merchandise Inventory which had a fair value of 20,000 more than its book value, and was sold during 2020.
Internally created patent with a fair value of 30,000 and a useful life of 5 years.
Any remaining differential was related to goodwill. Goodwill is deemed to be impaired and worth only $12,000.
Slash has accounts payable to Point in the amount of $25,000.
During 2020, Point & Slash had the following:
Point
Slash
1. Declared cash dividends
$120,000
$ 60,000
2. Earned net income
200,000
100,000
3. Earned other comprehensive income from available-for-sale securities
40,000
20,000
Use this information to calculate the followings:
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The amount of total differential is
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The balance of Income from Slash account on December 31, 2020 is
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The balance of Investment in Slash account on December 31, 2020 is
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Consolidated net income on December 31, 2020 is
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Consolidated net income attributable to controlling interest on December 31, 2020 is
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Consolidated retained earnings on December 31, 2020 is
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Consolidated comprehensive income on December 31, 2020 is
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Consolidated comprehensive income attributable to controlling interest on December 31, 2020 is
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