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West Company acquired 60 percent of Solar Company for $306,000 when Solars book value was $406,000. The newly comprised 40 percent noncontrolling interest had an

West Company acquired 60 percent of Solar Company for $306,000 when Solar’s book value was $406,000. The newly comprised 40 percent noncontrolling interest had an assessed fair value of $204,000. Also at the acquisition date, Solar had a trademark (with a 10-year life) that was undervalued in the financial records by $62,000. Also, patented technology (with a 5-year life) was undervalued by $42,000. Two years later, the following figures are reported by these two companies (stockholders’ equity accounts have been omitted):

West Company Book ValueSolar Company Book ValueSolar Company Fair Value
Current assets$645,000
$325,000
$345,000
Trademarks
285,000

225,000

305,000
Patented technology
435,000

175,000

175,000
Liabilities
(415,000)
(145,000)
(145,000)
Revenues
(925,000)
(425,000)
Expenses
475,000

325,000
Investment incomeNot given


What is the consolidated net income before allocation to the controlling and noncontrolling interests?

Assuming Solar Company has declared no dividends, what are the noncontrolling interest’s share of the subsidiary’s income and the ending balance of the noncontrolling interest in the subsidiary?

What is the consolidated trademarks balance?

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