Problem 4-27 (LO 4-2, 4-4, 4-5) On January 1, Beckman, Inc., acquires 60 percent of the outstanding stock of Calvin for $59,496. Calvin Co. has one recorded asset, a specialized production machine with a book value of $12,900 and no liabilities. The fair value of the machine is $85,400, and the remaining useful life is estimated to be 10 years. Any remaining excess fair value is attributable to an unrecorded process trade secret with an estimated future life of 4 years Calvin's total acquisition date fair value is $99,160 At the end of the year, Calvin reports the following in its financial statements 11,610 Common stock 23.390 Retained eamings 25,000 35,000 Total equity Revenues S 52,500 Machine $ 10,000 Expenses 22.500 Other assets $ 30,000 Total assets S 5,000 Net income $ 35,000 Dividends paid Determine the amounts that Beckman should report in its year-end consolidated financial statements for noncontrolling interest in subsidiary income, noncontrolling interest Calvin's machine (net of accumulated depreciation), and the process trade secret