On January $1,2024,$ Ackerman sold equipment to Brannigan $($a wholly owned subsidiary$)$ for $$280,000$ in cash. The equipment had originally cost $$252,000$ but had a book value of only $$154,000$ when transferred. On that date, the equipment had a five$-$year remaining life. Depreciation expense is computed using the straight$-$line method.

Ackerman reported $$380,000$ in net income in $2024($not including any investment income$)$ while Brannigan reported $$124,400.$ Ackerman attributed any excess acquisition$-$date fair value to Brannigan$$s unpatented technology, which was amortized at a rate of $$4,800$ per year.

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

$2$ What is the parents$$ share of consolidated net income for $2024$ if Ackerman owns only $90\%$ of Brannigan?

$3$ What is the parents$$ share of consolidated net income for $2024$ if Ackerman owns only $90\%$ of Brqannigan and the equipment transfer was upstream?

$4$ What is the consolidated net income for $2025$ if Ackerman reports $$400,000($does not include investment income$)$ and Brannigan $$135,200$ in income? Assume that Brannigan is a wholly owned subsidiary and the equipment transfer was downstream?