(Use the data below for Questions 7-17.) Company Pacquires 80% of Company S for $600.000 en 1/1/19. P did not pay a control premium" for the acquisition. On that date. S reported common stock of $200.000 und retained earnings of $250,000. In addition, the fait value of S's buildings (14-yeut remaining life) was higher than their carrying value by $70,000. All other amets and liabilities have fair value equal to carrying value. Puses the partial cquity 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: 5540,000 S's retained earnings at 171220: $340,000 S's net income, 2020 S180,000 S's dividends declared, 2020: S120,000 Provide the following figures: 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: (Use the data below for Questions 7-17.) Company Pacquires 80% of Company 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 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. Puses the partial canis 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 retained earnings at 1/1/20: $340,000 S's net income, 2020 $180,000 S's dividends declared, 2020: S120,000 Provide the following figures: 7. NCI in net assets (ie, NC'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: (Use the data below for Questions 7-17.) Company Pacquires 80% of Company S for $600.000 en 1/1/19. P did not pay a control premium" for the acquisition. On that date. S reported common stock of $200.000 und retained earnings of $250,000. In addition, the fait value of S's buildings (14-yeut remaining life) was higher than their carrying value by $70,000. All other amets and liabilities have fair value equal to carrying value. Puses the partial cquity 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: 5540,000 S's retained earnings at 171220: $340,000 S's net income, 2020 S180,000 S's dividends declared, 2020: S120,000 Provide the following figures: 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: (Use the data below for Questions 7-17.) Company Pacquires 80% of Company 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 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. Puses the partial canis 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 retained earnings at 1/1/20: $340,000 S's net income, 2020 $180,000 S's dividends declared, 2020: S120,000 Provide the following figures: 7. NCI in net assets (ie, NC'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