Smith. Inc. has the following stockholders' equity accounts as of January 1, 2021: Haried Company purchases all of Smith's common stock on Januacy 1, 2021, for $14.350.000. The preferred stock remains in the hands of outside parties. Any excess acquisition-date fair value wil be assigned to franchise controcts with o 40 -year remaining life. During 2021, Smith reports eaming $600,000 in net income and declares $510,000 in cash dividends. Haried applies the equity method to this investment. a. What is the noncontrolling interests share of consolidated net income for this period? b. What is the balance in the Investment in Smith account as of December 31, 2021? c. What consolidation entries are needed for 2021 ? Complete this question by entering your answers in the tabs below. a. What is the noncontrolling interest's share of consolidated net income for this period? b. What is the batance in the investment in Smith account as of December 31, 2021? a. What is the noncontrolling interest's share of consolidated net income for this period? b. What is the balance in the Investment in Smith account as of December 31,2021 ? Consolidation Worksheet Entries 4 Prepare a combined entry for Consolidation Entries S and A. Note: Enter debits before credits. Consolidation Worksheet Entries Prepare Consolidation Entry I for the income accrual. Note: Enter debits before credits. Consolidation Worksheet Entries Prepare Consolidation Entry D for the dividends declared. Note: Enter debits before credits. Consolidation Worksheet Entries 1 Prepare Consolidation Entry E to record amortization. Note: Enter debits before credits