Smith, Inc., has the following stockholders' equity accounts as of January 1,2021: Haried Company purchases all of Smith's common stock on January 1,2021, for $14,440,000. The preferred stock remains in the hand of outside parties. Any excess acquisition-date fair walue will be assigned to franchise contracts with a 40 -year remaining life. During 2021, Smith reports eaming $640,000 in net income and declares $550,000 in cash dividends. Haried applies the equity method to this investment. a. What is the noncontroling 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? 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 balance in the Investment in Smith sccount as of December 31,2021