Required information [The following information applies to the questions displayed below. On January 1, 2020, French Company acquired 60 percent of K-Tech Company for $319,500 when K-Tech's book value was $419,500. The fair value of the newly comprised 40 percent noncontrolling interest was assessed at $213,000. At the acquisition date, K-Tech's trademark (20-year remaining life) was undervalued in its financial records by $80,000. Also, patented technology (10-year remaining life) was undervalued by $33,000. In 2020, K-Tech reports $23,500 net income and declares no dividends. At the end of 2021, the two companies report the following figures (stockholders' equity accounts have been omitted): Current assets Trademarks Patented technology Liabilities Revenues Expenses Investment income French Company Carrying Amounts $ 633,000 273,000 423,000 (403,000) (913,000) 487,000 Not given K-Tech Company Carrying Amounts $ 313,000 213,000 163,000 (133,000) (413,000) 313,000 K-Tech Company Fair Values $ 333,000 293,000 196,000 (133,000) Note: Parentheses indicate a palar What is the 2021 consolidated net income before allocation to the controlling and noncontrolling interests? In 2021, assuming K-Tech has declared no dividends, what are the noncontrolling interest's share of the subsidiary's income and the ending balance of the noncontrolling interest in the subsidiary? What amount is reported for trademarks in the 2021 consolidated balance sheet