(Use the data below for Questions 7-17.) Company P acquires 80% of Company S for $600,000 on 1/1/19. P did not pay a "control premium" for the acquisition. On that date, S reported common stock of $200,000 and retained earnings of $250,000. In addition, the fair value of S's buildings (14-year remaining life) was higher than their carrying value by $70,000. All other assets and liabilities have fair value equal to carrying value. P uses the partial equity method to record its investment in S. Below are some data taken from accounting records of the year 2020 (the second year). P's own operating income, 2020: $540,000 S's net income, 2020 Provide the following figures: $180,000 S's retained earnings at 1/1/20: $340,000 S's dividends declared, 2020: $120,000 7. NCI in net assets (i.e., NCI's fair value) at the acquisition date: 8. Goodwill at the acquisition date: 9. Consolidated net income, 2020: 10. NCI in net income, 2020: 11. P's net income, 2020: 12. P's "Investment in S", 12/31/20: 13. NCI in net assets, 12/31/20: Now assume P has been using the equity method instead, re-compute the following items: 14. P's net income, 2020: 15. P's "Investment in S", 12/31/20: 16. NCI in net income, 2020: 17. Consolidated net income, 2020: