Protrade Corporation acquired 80 percent of the outstanding voting stock of Seacraft Company on January 1,2023 , for $604,000 In cash and other consideration. At the acquisition date, Protrade assessed Seacraft's Identlfiable assets and llabilitles at a collectlve net fair value of $755,000, and the falr value of the 20 percent noncontrolling Interest was $151,000. No excess falr value over book value amortization accompanled the acquisition. The following selected account balances are from the Individual financlal records of these two companles as of December 31, 2024: Each of the following problems is an Independent situation: Required: a. Assume that Protrade sells Seacraft Inventory at a markup equal to 60 percent of cost. Intra-entity transfers were $113,000 In 2023 and $133,000 In 2024. Of this Inventory, Seacraft retalned and then sold $51,000 of the 2023 transfers In 2024 and held $65,000 of the 2023 transfers untll 2024. DetermIne balances for the following Items that would appear on consolidated financlal statements for 2024 : Cost of Goods Sold Inventory Net Income Attributable to Noncontrolling Interest b. Assume that Seacraft sells Inventory to Protrade at a markup equal to 60 percent of cost. Intra-entity transfers were $73,000 in 2023 and $103,000 In 2024. Of this Inventory, $44,000 of the 2023 transfers were retalned and then sold by Protrade In 2024, whereas $58,000 of the 2024 transfers were held untll 2025. Determine balances for the following Items that would appear on consolidated financlal statements for 2024: Cost of Goods Sold Inventory Net Income Attributable to Noncontrolling Interest c. Protrade sells Seacraft a bullding on January 1,2023 , for $126,000, although its book value was only $73,000 on this date. The bullding had a five-year remaining life and was to be depreclated using the stralght-line method with no salvage value. DetermIne balances for the following Items that would appear on consolidated financlal statements for 2024: Bulldings (net) OperatIng Expenses Net Income Attributable to Noncontrolling Interest \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Answer is complete but not entirely correct. } \\ \hline a. Cost of goods sold & $ & 17,000 \\ \hline a. Inventory & $ & 116,000 \\ \hline a. Net income attributable to noncontrolling interest & $ & 12,800 \\ \hline b. Cost of goods sold & $ & 1,000 \\ \hline b. Inventory & $ & 102,000 \\ \hline b. Net income attributable to noncontrolling interest & $ & 11,600 \\ \hline c. Buildings (net) & $ & 168,400 \\ \hline c. Operating expenses & $ & 10,600 \\ \hline c. Net income attributable to noncontrolling interest & $ & 2,120 \\ \hline \end{tabular}