Portiand inc. (Portime) owns bow of Seartie inc. (Seamte) and uses the cost method ts account for its imetiment. The 2023 income statemets of beth compasies are shown below. On daruary 1, 292t, Seattle acpuired equiment for $7,000 and soid it the same doy to Portiand for 515,600 . The equipment had a remaing used ife of 6 years on that dabe. Bech comparies ase bubpect to an etfective tar rate of 40k. Portland charges Seattic an annual mavagement Aee of 1 to, 006 frecerded in miscelaneous revenue by Portland and in oeher e.pente by Stattiel. There are no other interceenpany transactions or acceuision differentia. Required. 1. Caculate the amount of deprocation expense appearing on Bortiand s 2023 Consolidated income 5 taterinent. 2.5. marks) 2. Caloubate the amount of Miscetifaseout Bevenues abpearing on Portiand 's 2023 Consolidied lncome Stasement, (2? marks 3. Calculate the amount of net income atiributabie no the hicl shareholders on Portiand 's a02a Consoldased hncome Statemsint (2. 5 marks] 4. Caiculate the amount of the entered income tar ahet that would apceir on Portand D December 31, 2923 Conacidated Elance Shett as a reiult of the above transactiont