On January 1, Year 1, Entity A acquired 60% of Entity B's voting interests for $100,000. The carrying amount of Entity B

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On January 1, Year 1, Entity A acquired 60% of Entity B's voting
interests for $100,000. The carrying amount of Entity B's assets
and liabilities on that date equals their fair values. The
noncontrolling interest (NCI) is measured at its fair value of
$50,000. Entity A and Entity B use the same accounting principles,
and no consolidating adjustments need to be made for intra-entity
transactions, etc., except as described below.
The trial balances on December 31, Year 1, of Entity A and
Entity B before consolidation are presented below.
Additional information:
Note: To simplify the simulation, items of other comprehensive
income are not included.
Complete Entity A's year-end consolidated income
statement. Enter the appropriate amounts in the
designated cells below. Enter all amounts as positive values. If no
entry is necessary, enter a zero (0).