Problem $4-22($Static$)($LO $4-2,4-4,4-5)$

On January $1,$ Beckman, Incorporated, acquires $60$ percent of the outstanding stock of Calvin for $$36,000.$ Calvin Company has one

recorded asset, a specialized production machine with a book value of $$10,000$ and no liabilities. The fair value of the machine is

$$50,000,$ and the remaining useful life is estimated to be $10$ years. Any remaining excess fair value is attributable to an unrecorded

process trade secret with an estimated future life of $4$ years. Calvin's total acquisition date fair value is $$60,000.$

At the end of the year, Calvin reports the following in its financial statements:

Required:

Determine the amounts that Beckman should report in its year$-$end consolidated financial statements for noncontrolling interest in

subsidiary income, noncontrolling interest, Calvin's machine $($net of accumulated depreciation$),$ and the process trade secret.