The consolidating subsidiaries using a foreign recording currency. Fill out the the elimination entries and noncontrolling consolidated balances.

3. On January 1, 2013, Scott Company acquired 80% of Nina Company for $594,000 cash. Nina's book value on that date was $610,000. The newly acquired subsidiary possessed a patent with a 10 year remaining life worth $75,000 although unrecorded. Nina provided Scott with component parts that Scott included in production of materials and sold to third parties. The following table reflects those sales: Transfer price to Scott 140,000 Cost to Amount still in Inventory at year end Year Nina 2013 100,000 04 100,000 335120,000 20,000 30,000 80,000 150,000 160,000 In addition, Scott owes Nina $25,000 for the purchase of component parts