Summarized balance sheets of Corner Company and its subsidiary Brook Corporation on December 31 , Year 4, were as follows: On the date that Corner acquired its interest in Brook, there was no acquisition differential and the carrying amounts of Brook's net assets were equal to fair values. During Year 4 , Corner reported a net loss of $60,000, while Brook reported a net income of $140,000. No dividends were declared by either company during Year 4 . Corner uses the cost method to account for its investment. Required: Compute the following: (a) The percentage of Brook's shares owned by Corner Percentage of Brook's shares owned by Corner % (b) Consolidated net income attributable to Corner's shareholders for Year 4 (Omit \$ sign in your response.) Consolidated net income attributable to Corner's shareholders - Year 4$ (c) Corner's December 31 , Year 3 , retained earnings if it had used the equity method to account for its investment (Omit $ sign in your response.) Corner's retained earnings Dec. 31 , Year 3 (equity) $ (d) The retained earnings of Brook on the date that Corner acquired its interest in Brook (Omit $ sign in your response.) Retained earnings - Brook - date of acquisition $ Summarized balance sheets of Corner Company and its subsidiary Brook Corporation on December 31 , Year 4, were as follows: On the date that Corner acquired its interest in Brook, there was no acquisition differential and the carrying amounts of Brook's net assets were equal to fair values. During Year 4 , Corner reported a net loss of $60,000, while Brook reported a net income of $140,000. No dividends were declared by either company during Year 4 . Corner uses the cost method to account for its investment. Required: Compute the following: (a) The percentage of Brook's shares owned by Corner Percentage of Brook's shares owned by Corner % (b) Consolidated net income attributable to Corner's shareholders for Year 4 (Omit \$ sign in your response.) Consolidated net income attributable to Corner's shareholders - Year 4$ (c) Corner's December 31 , Year 3 , retained earnings if it had used the equity method to account for its investment (Omit $ sign in your response.) Corner's retained earnings Dec. 31 , Year 3 (equity) $ (d) The retained earnings of Brook on the date that Corner acquired its interest in Brook (Omit $ sign in your response.) Retained earnings - Brook - date of acquisition $