Problem 4-14 (Algo) (LO 4-2, 4-4, 4-5) On January 1, 2023, French Company acquired 60 percent of K-Tech Company for $337,500 when K-Tech's book value was $437,500 The fair value of the newly comprised 40 percent noncontrolling interest was assessed ot $225,000. At the accuisition date. K-Tech's trademark (10-year remaining life) was undervalued in its financial records by $0,000. Also, patented technology (5-year remaining life) was undervalued by $45,000. In 2023, K-Tech reports $17,500 net income and declares no dividends. At the end of 2024, the two companies report the following figures (stockhoiders' equity accounts havo been omitted): Note: Parentheses indicate a credit balance. Required: a. Compute the 2024 consolidated net income before allocation to the controlling and noncontrolling interests. b. In 2024 , assuming K-Tech has deciared no dividends, compute the noncontrolling interest's share of the subsidary's income and the ending balance of the noncontrolling interest in the subsidiary. c. Compute the amount reported for trademarks in the 2024 consolidated balance sheet