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14. On January 1, 2020, French Company acquired 60 percent of K-Tech Company for $300,000 when K-Tech's book value was $400,000. The fair value of the newly comprised 40 percent noncontrolling interest was assessed at $200,000. At the acquisition date, K-Tech's trademark (10- year remaining life) was undervalued in its financial records by $60,000. Also, patented technology (5-year remaining life) was undervalued by $40,000. In 2020, K-Tech reports $30,000 net income and declares no dividends. At the end of 2021, the two companies report the following figures (stockholders' equity accounts have been omitted): french company k tech company current assets $620000 $300,000 Trademarks $260,000 200,000 Patented technology $400,000 Liabilities 390,000 120,000 Revenues 900,000 400,000 Expenses 500,000 300,000 Investment income not given What is the 2021 consolidated net income before allocating to controlling and noncontrolling interests? o $486,000 $400,000 o $491.600 $500,000 o In 2021, assuming k-tech has declared no dividend, what are the noncontrolling interests share of the subsidiary's income and the ending balance of the noncontrolling interest in subsidiary? o $40,000 and $252,000 $28,800 and $252,000 $34,400 and $240,800 $26,000 and $230,000 What amount is reported for trademarks in the 2021 consolidated balance sheet? o $540,000 $520,000 $508,000 o $514,000

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