Refer to the information in the table above.

On December 31, 2015, Scotty Corporation paid $1,800,000 to purchase 100% of Riley Inc. Riley maintained separate incorporation. Scotty used the equity method to account for the investment.

In addition, Riley earned net income for 2016 of $180,000 and paid dividends of $40,000 during 2016.

1. On the 2016 Consolidated Balance Sheet, what is the amount of Goodwill related to this acquisition?

2. For 2016, what is the total amortization expense related to this acquisition?

3. What amount would appear on the Consolidated Income Statement for the period ending 12/31/16 for "Equity in Subsidiary Earnings"?

4. What is amount of Equity in Subsidiary Earnings that would appear on Scotty's adjusted trial balance for 2016?