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Several years ago, Simmer Inc. acquired a 70% interest in Melody Co. The book values of Melody's asset and liability accounts at that time were considered to be equal to their fair values. Simmer's aquiksition value corresponded to the underlying book value so that no allocations or goodwill resulted from the transfer.

The following selected account balances were from the individual financial records of these two companies as of December 31, 2022:

Assume that Melody sold inventory to Simmer at a 20% gross profit rate. Intra-entity transfers were $90,000 in 2021 and $100,000 in 2022. Of this inventory, 25000 of the 2021 transfer were retained and then sold by Simmer in 2022, wheres $40,000 of the 2022 transfers were held until 2023. Simmer sold a building to Melody on January 1, 2021 for $78,000, although the book value of this asset was only $30,000 on that date. The building had 8 year remaining useful life and was to be depreciated using the straight line method with no salvage value.

Answer the following questions (Do not add dollar sign; do not add comma to your amount, round the answer to the whole number). 1. Determine the amount of intra-entity profit remains in Simmer's inventory at the end of 2021. 2. Determine the amount of intra-entity profit remains in Simmer's inventory at the end of 2022. 3. Determine the consolidated balance of cost of goods sold for 2022 4. Determine the consolidated balance of inventory for 2022 5. Determine the consolidated balance of building (net) for 2022 . 6. Determine the consolidated operating expenses for 2022. 7. What is the amount of net income attributable to the noncontrolling interest for year 2022

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