$21.$ Parent Co$.$ owned a $90\%$ interest in a purchased subsidiary, Sub Co$.$ During the year, $2023,$ Parent had profit of $145,000$ and Sub has a profit of $120,000.$ Sub declared and paid a $40,000$ dividend during the year $2023.$ There were no differences between the current fair values and book values of Subs identifiable net assets on the date of the business combination and there was no goodwill in the business combination. What was the consolidated profit of Parent and subsidiary for the year $2023?$Use the problem to answer three questions:Pinoy Co$.$ acquired on January $1,2023,75\%$ of the outstanding common stocks of Sisa Inc. for $207,000.$ On that date, Sisas balance sheet showed Common Stocks, at par $100,$ amounting to $200,000$ and Retained Earnings worth $50,000.$ The Excess between the price paid and the book value of the subsidiary net assets is allocated to equipment which has an estimated remaining useful life of ten years. For the year ended December $31,2023,$ Sisa reported net income of $60,000$ and paid cash dividends of $20$ per share of its common stock$\mathrm{.}22.$ Fair value adjustments $(1/1/23)23.$ NCI $(12/31/2324.$ Separate income attributable to parent $($Assuming Pinoy reported P$100,000$ separate income$)12/31/23$

$25.$ On January $2,2023,$ Masakit Co$.$ purchased an $80\%$ investment in Maiwan Co$.$ The purchase price was equal to Masakits equity in Maiwans net assets at that date. On January $2,2023,$ Masakit and Maiwan had retained earnings of $500,000$ and $100,000,$ respectively. During the $2023,(1)$ Masakit has profit of $200,000,$ which included its equity in Maiwans dividends, and declared dividends of $50,000$; $(2)$ Maiwan has profit of $40,000$ and declared dividends of $20,000$; and $(3)$ there were no other intercompany transactions. On December $31,2023,$ the consolidated retained earnings should be: