6. Using Exhibit 1 below, answer the following two questions: Exhibit 1: Worksheet for Income Statement...

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6. Using Exhibit 1 below, answer the following two questions: Exhibit 1: Worksheet for Income Statement (2020) Income Statement Parent Sub Co. Revenues Cost of Goods Sold Depreciation Expense Amortization Expense (810,000) (504,000)| 344,000 200,000 60,000 20,000 170,000 120,000 Debit Credit Equity in Sub Earnings Separate Net Income Note: Equity in Sub Earnings above has been intentionally left blank. NCI Consolidated a. Calculate the Non-controlling interest income for 2020 using Exhibit 1 above. How much is the NCI income for 2020? You must show your well-labeled calculations to receive any credit. b. Calculate the controlling interest income for 2020 using Exhibit 1 above. How much is the controlling interest income for 2020? You must show your well-labeled calculations to receive any credit. 7. Using Exhibit 2 below for 2020, answer the following two questions: Exhibit 2: Worksheet for Balance Sheet (partial) (2020) Income Statement Parent Sub Co. Debit Buildings (net) Copyright (net) Non-controlling Interest 304,000 470,200 880,000 540,000 Credit NCI Consolidated Hint: When calculating NCI, do not forget dividends from Retained Earnings Statement. c. Using data in Exhibit 2 above, what would be the consolidated balances for Buildings and for Copyrights, respectively at the balance sheet date? You must show your well-labeled calculations to receive any credit. d. Using data in Exhibit 2 above, what would be the Non-controlling interest in the subsidiary at the balance sheet date, December 31, 2020? You must show your well-labeled calculations to receive any credit. Hint: Look at Worksheet Entries S and A to assist you (I am so nice for providing this hint [INSERT Happy Face HERE]). 6. Using Exhibit 1 below, answer the following two questions: Exhibit 1: Worksheet for Income Statement (2020) Income Statement Parent Sub Co. Revenues Cost of Goods Sold Depreciation Expense Amortization Expense (810,000) (504,000)| 344,000 200,000 60,000 20,000 170,000 120,000 Debit Credit Equity in Sub Earnings Separate Net Income Note: Equity in Sub Earnings above has been intentionally left blank. NCI Consolidated a. Calculate the Non-controlling interest income for 2020 using Exhibit 1 above. How much is the NCI income for 2020? You must show your well-labeled calculations to receive any credit. b. Calculate the controlling interest income for 2020 using Exhibit 1 above. How much is the controlling interest income for 2020? You must show your well-labeled calculations to receive any credit. 6. Using Exhibit 1 below, answer the following two questions: Exhibit 1: Worksheet for Income Statement (2020) Income Statement Parent Sub Co. Revenues Cost of Goods Sold Depreciation Expense Amortization Expense (810,000) (504,000)| 344,000 200,000 60,000 20,000 170,000 120,000 Debit Credit Equity in Sub Earnings Separate Net Income Note: Equity in Sub Earnings above has been intentionally left blank. NCI Consolidated a. Calculate the Non-controlling interest income for 2020 using Exhibit 1 above. How much is the NCI income for 2020? You must show your well-labeled calculations to receive any credit. b. Calculate the controlling interest income for 2020 using Exhibit 1 above. How much is the controlling interest income for 2020? You must show your well-labeled calculations to receive any credit. 7. Using Exhibit 2 below for 2020, answer the following two questions: Exhibit 2: Worksheet for Balance Sheet (partial) (2020) Income Statement Parent Sub Co. Debit Buildings (net) Copyright (net) Non-controlling Interest 304,000 470,200 880,000 540,000 Credit NCI Consolidated Hint: When calculating NCI, do not forget dividends from Retained Earnings Statement. c. Using data in Exhibit 2 above, what would be the consolidated balances for Buildings and for Copyrights, respectively at the balance sheet date? You must show your well-labeled calculations to receive any credit. d. Using data in Exhibit 2 above, what would be the Non-controlling interest in the subsidiary at the balance sheet date, December 31, 2020? You must show your well-labeled calculations to receive any credit. Hint: Look at Worksheet Entries S and A to assist you (I am so nice for providing this hint [INSERT Happy Face HERE]). 7. Using Exhibit 2 below for 2020, answer the following two questions: Exhibit 2: Worksheet for Balance Sheet (partial) (2020) Income Statement Parent Sub Co. Debit Buildings (net) Copyright (net) Non-controlling Interest 304,000 470,200 880,000 540,000 Credit NCI Consolidated Hint: When calculating NCI, do not forget dividends from Retained Earnings Statement. c. Using data in Exhibit 2 above, what would be the consolidated balances for Buildings and for Copyrights, respectively at the balance sheet date? You must show your well-labeled calculations to receive any credit. d. Using data in Exhibit 2 above, what would be the Non-controlling interest in the subsidiary at the balance sheet date, December 31, 2020? You must show your well-labeled calculations to receive any credit. Hint: Look at Worksheet Entries S and A to assist you (I am so nice for providing this hint [INSERT Happy Face HERE]).