The following are several figures reported for Poyer and Sutter as of December 31,2024: ...

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Accounting

The following are several figures reported for Poyer and Sutter as of December 31,2024:
Poyer acquired 70 percent of Sutter in January 2023. In allocating the newly acquired subsidiary's fair value at the acquisition date,
Poyer noted that Sutter had developed a unpatented technology worth $65,000 that was unrecorded on its accounting records and
had a five-year remaining life. Any remaining excess fair value over Sutter's book value was attributed to an indefinite-lived trademark.
During 2024, Sutter sells inventory costing $120,000 to Poyer for $160,000. Of this amount, 20 percent remains unsold in Poyer's
warehouse at year-end.
Required:
Determine balances for the following items that would appear on Poyer's consolidated financial statements for 2024:
Note: Input all amounts as positive values.The following are several figures reported for Poyer and Sutter as of December 31,2024:
Poyer acquired 70 percent of Sutter in January 2023. In allocating the newly acquired subsidiary's fair value at the acquisition date,
Poyer noted that Sutter had developed a unpatented technology worth $65,000 that was unrecorded on its accounting records and
had a five-year remaining life. Any remaining excess fair value over Sutter's book value was attributed to an indefinite-lived trademark.
During 2024, Sutter sells inventory costing $120,000 to Poyer for $160,000. Of this amount, 20 percent remains unsold in Poyer's
warehouse at year-end.
Required:
Determine balances for the following items that would appear on Poyer's consolidated financial statements for 2024:
Note: Input all amounts as positive values.
*********ONLY LOOKING FOR E.) NET INCOME ******************************* All answers are confirmed correct that are listed
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