The answer written is incorrect except the customer contracts

On January 1, Year 5. Pic Company acquired 7.500 ordinary shares of Sic Company for $636,000. On January 1 Year 6. Pic Company acquired an additional 2,000 ordinary shares of Sic Company for $191,000. On January 1 Year S, the shareholders' equity of Sic was as follows: Ordinary shares (10,000 na par value shares issued) Retained earnings $200,000 330,000 $530,000 The following are the statements of retained earnings for the two companies for Years 5 and 6: Metained earnings, beginning of year Profit Dividends Metained earnings, and of year Pic Year 5 Year $.560,000 $ 618,500 158,500 146,000 (100,000) (120,000) $ 618,500 $544,500 Sic rear s Year 6 $390,000 $381,000 141,000 134,5CC (90, ND (90,000) $ 381,000 425,500 Additional Information . Plc uses the cost method to account for its investment in Sic. Any acquisition differential is allocated to customer contracts, which are expected to provide future benefits until December 31. Year 7. Neither company has any customer contracts recorded on their separate entity records. . There were no unrealized profits from intercompany transactions since the date of acquisition Required: (a) Calculate consolidated profit attributable to Pic's shareholders for Year 6. (Omit S sign in your response) Prey 1 of 2 Next > Required: (a) Calculate consolidated profit attributable to Pic's shareholders for Year 6. (Omit S sign in your response.) Consolidated profit attributable to Pic's shareholders (b) Calculate the following account balances for the consolidated statement of financial position at December 31, Year 6: (Omits sign in your response.) 173075 (1) Customer contracts (11) Non-controlling interest (51) Retained earnings $ $ $ 106000 20675 847325