Use the following information to answer questions 1-5.

On January 1, 2019, Pilkey Inc. purchased 75,000 voting shares out of Wilson Inc.'s 100,000 outstanding voting shares for $480,000. On that date, Wilson's common shares and retained earnings were valued at $150,000 and $325,000, respectively. Wilson's book values approximated its fair values on the acquisition date with the exception of the company's equipment, which was estimated to have a fair value that was $140,000 in excess of its recorded book value, and inventory, which was estimated to have a fair value that was $15,000 in excess of its recorded book value. The equipment was estimated to have a useful life of four years. Both companies use straight-line amortization exclusively.

On January 1, 2020, Pilkey purchased an additional 20,000 shares of Wilson Inc. on the open market for $140,000. On this date, Wilson's book values were equal to its fair values with the exception of the company's equipment, which is now thought to be undervalued by $40,000.

Wilsons net income and dividends for 2019 were $75,000 and $8,000 respectively. Wilsons net income and dividends for 2020 were $85,000 and $11,000 respectively.

Wilson's goodwill suffered an impairment loss of $5,000 during 2019. Pilkey Inc. uses the equity method to account for its investment in Wilson Inc.

1. By how much would the non-controlling interest amount have changed as a result of Pilkeys second purchase of shares on January 1, 2020? A. A decrease of $32,600. B. A decrease of $130,400. C. A decrease of $108,400. D. An increase of $130,400.
2. What effect would the purchase on January 1, 2020, have on the consolidated retained earnings of Pilkey? A. There would be no effect B. There would be an increase of $9,600 C. There would be a decrease of $140,000 D. There would be a decrease of $9,600
3. What would be the balance in Pilkeys investment in Wilson's account on December 31, 2020? A. $529,500 B. $659,900 C. $667,700 D. $686,150
4. What is the amount of the acquisition differential amortization (excluding goodwill impairment) for 2020? A. $15,250 B. $21,667 C. $35,000 D. ($4,000)
5. What would be the amount of the unamortized acquisition differential (including goodwill) at the end of 2020? A. Nil. B. $35,000. C. $88,333. D. $94,750.