Poll Corporation paid $16,200 for a 90% interest in Swamp Corporation on January 1, 2017, when Swamp stockholders' equity consisted of $10,000 Capital Stock and $3,000 of Retained Earnings. The excess cost over book value was attributable to goodwill. Assume proportional pricing for the NCI. Additional information 1. Poll sells merchandise to Swamp at 120% of Poll's cost. During 2017, Poll's sales to Swamp were $4,800, of which half of the merchandise remained in Swamp's inventory at December 31, 2017 (The 2017 ending inventory was sold in 2018.) During 2018, Poll's sales to Swamp were $6,000 of which 60% remained in Swamp's inventory at December 31, 2018, At year-end 2018, Swamp owed Poll $2,500 for the inventory purchased during 2018. 2. Poll Corporation sold equipment with a book value of $2,000 and a remaining useful life of four years and no salvage value to Swamp Corporation on January 1, 2018 for $2,800 Straight-line depreciation is used 3. During 2018, Swamp sold to Poll land for $50,000 that had a book value of $20,000. Poll still owns the land at 12/31/18 4. Separate company financial statements for Poll Corporation and Subsidiary at December 31, 2018 are summarized in the first two columns of the consolidation working papers. See Spreadsheet Tab. 5. The following information is available for 2017: Swamp's income Swamp's dividends received by Poll $4,000 $1,800 Poll Corporation paid $16,200 for a 90% interest in Swamp Corporation on January 1, 2017, when Swamp stockholders' equity consisted of $10,000 Capital Stock and $3,000 of Retained Earnings. The excess cost over book value was attributable to goodwill. Assume proportional pricing for the NCI. Additional information 1. Poll sells merchandise to Swamp at 120% of Poll's cost. During 2017, Poll's sales to Swamp were $4,800, of which half of the merchandise remained in Swamp's inventory at December 31, 2017 (The 2017 ending inventory was sold in 2018.) During 2018, Poll's sales to Swamp were $6,000 of which 60% remained in Swamp's inventory at December 31, 2018, At year-end 2018, Swamp owed Poll $2,500 for the inventory purchased during 2018. 2. Poll Corporation sold equipment with a book value of $2,000 and a remaining useful life of four years and no salvage value to Swamp Corporation on January 1, 2018 for $2,800 Straight-line depreciation is used 3. During 2018, Swamp sold to Poll land for $50,000 that had a book value of $20,000. Poll still owns the land at 12/31/18 4. Separate company financial statements for Poll Corporation and Subsidiary at December 31, 2018 are summarized in the first two columns of the consolidation working papers. See Spreadsheet Tab. 5. The following information is available for 2017: Swamp's income Swamp's dividends received by Poll $4,000 $1,800