$On$ January $1,2024,$ Ackerman sold equipment $to$ Brannigan $(a$ wholly owned subsidiary$)$ for $$120,000in$ cash. The equipment had originally cost $$108,000$ but had a book value $of$ only $$66,000$ when transferred. $On$ that date, the equipment had a five$-$year remaining life. Depreciation expense $is$ computed using the straight$-$line method.

Ackerman reported $$540,000in$ net income $in2024(not$ including any investment income$)$ while Brannigan reported $$177,200.$ Ackerman attributed any excess acquisition$-$date fair value $to$ Brannigan's unpatented technology, which was amortized $at$ a rate $of$ $$6,400$ per year.

Required:

$1.$ What $is$ consolidated net income for $2024?$

$2.$ What $is$ the parent's share $of$ consolidated net income for $2024if$ Ackerman owns only $90$ percent $of$ Brannigan?

$3.$ What $is$ the parent's share $of$ consolidated net income for $2024if$ Ackerman owns only $90$ percent $of$ Brannigan and the equipment transfer was upstream?

$4.$ What $is$ the consolidated net income for $2025if$ Ackerman reports $$560,000(does$ not include investment income$)$ and Brannigan $$189,600in$ income? Assume that Brannigan $is$ a wholly owned subsidiary and the equipment transfer was downstream.