The following information will be used for this assignment:

On January $1,$ Beckman, Incorporated acquires $70$ percent of the outstanding stock of Calvin for $$42,000.$ Calvin Company has one recorded asset, a specialized production machine with a book value of $$12,000$ and no liabilities. The fair value of the machine is $$62,000$ and the remaining useful life is estimated to be $10$ years. Any remaining excess fair value is attributable to an unrecorded process trade secret with an estimated future life of four years. Calvin$$s total acquisition$-$date fair value is $$70,000.$

The provided Excel file includes two projections of selected financial statement figures for Calvin as of year$-$end.

Management of Beckman. Incorporated has asked you to provide a comparison of amounts that Beckman may 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 using the two sets of projected data.

We will use the data provided to create a Tableau workbook that facilitates the calculation and comparison of the requested figures. Projections Revenues Expenses Dividends Declared Machine Other Assets Common Stock Retained Earnings

Projection $1$ $$54,000$ $$22,000$ $$6,000$ $$10,800$ $$27,200$ $$12,000$ $$26,000$

Projection $2$ $$60,000$ $$24,000$ $$6,000$ $$10,800$ $$27,200$ $$12,000$ $$26,0001.$ Under which projection is the Net Income Attributable to Noncontrolling Interest higher?

What is the End$-$of$-$year Noncontrolling Interest for Projection $1?$

What is the Machine $($net$)$ balance under both projections?

What is the Process Trade Secret $($net$)$ balance under both projections?

By how much does the End$-$of$-$year Noncontrolling Interest for Projection $2$ exceed the same for Projection $1?$