On January $1,2024,$ Ackerman sold equipment to Brannigan $($a wholly owned subsidiary$)$ for $$360,000$ in cash. The equipment had

originally cost $$324,000$ but had a book value of only $$198,000$ when transferred. On that date, the equipment had a five$-$year

remaining life. Depreciation expense is computed using the straight$-$line method.

Ackerman reported $$460,000$ in net income in $2024($not including any investment income$)$ while Brannigan reported $$150,800.$

Ackerman attributed any excess acquisition$-$date fair value to Brannigan's unpatented technology, which was amortized at a rate of

$$5,600$ per year.

Required:

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

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

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

transfer was upstream?

d$.$ What is the consolidated net income for $2025$ if Ackerman reports $$480,000($does not include investment income$)$ and Brannigan

$$162,400$ in income? Assume that Brannigan is a wholly owned subsidiary and the equipment transfer was downstream.

Answer is complete but not entirely correct.