A. B.

1. Cost method - CNI ATP 1. Conso G/L -5/31/31

2021 P S
Net Income, unadj. 325,000.00 97,500.00 Upstream sale: January 1, 2031
Add/Less: Equipment 200,000.00
Dividend income - 117,000.00 - Less: AD 40,000.00 60 months UL
Eqpt - amort - 20,312.50 BV 160,000.00 3,333.33
Net Income, adj. 208,000.00 77,187.50 Less: SP 150,000.00 3,125.00
Add: share 61,750.00 Unrealized Loss - 10,000.00
CNI ATP 269,750.00
Downstream sale:April 1, 2031
2. Equity method - CNI ATP Equipment 150,000.00
2022 P S Less: AD - 9,375.00 57 months UL
Net Income, unadj. 325,000.00 146,250.00 BV 140,625.00 3,125.00
Add/Less: Less: SP 300,000.00 6,666.67
Dividend income - - Unrealized Gain 159,375.00
Eqpt - amort - 20,312.50
Net Income, adj. 325,000.00 125,937.50 Sale to 3rd party: July 1, 2031
Add: share 100,750.00 Equipment 300,000.00
CNI ATP 425,750.00 Less: AD - 20,000.00
BV 280,000.00
3. Equity method - NCI IN NI Less: SP 180,000.00
2022 P S Realized Loss - 100,000.00
Net Income, unadj. 325,000.00 146,250.00
Add/Less: RL from US - 1,041.67
Dividend income - - RG from DS 5,000.00
Eqpt - amort - 20,312.50 3,958.33
Net Income, adj. 325,000.00 125,937.50
0.2
NCI IN NI 25,187.50

4. Cost method - NCI IN NI

2022 P S
Net Income, unadj. 325,000.00 146,250.00
Add/Less:
Dividend income - 26,000.00 -
Eqpt - amort - 20,312.50
Net Income, adj. 299,000.00 125,937.50
0.2
NCI IN NI 25,187.50

5. Cost method - NCI IN NA

2022 P S
Net Income, unadj. 325,000.00 146,250.00
Add/Less:
Dividend income - 26,000.00 -
Eqpt - amort - 20,312.50
Net Income, adj. 299,000.00 125,937.50
0.2
NCI IN NI 25,187.50

NCI, beg. 227,500.00

Add/Less:
NCI in NI - 2021 15,437.50
NCI in Dividend - 29,250.00
NCI, end, 2021 213,687.50
Add/Less:
NCI in NI - 2022 25,187.50
NCI in Dividend - 6,500.00
NCI IN NA, end, 2022 232,375.00
2. Conso G/L -12/31/31
Jan. 1, 2030 YG
Equipment 200,000.00 Equipment -
Add: Jan. 31, 2031
FV adj. - 2030/ 2031 50,000.00 Equipment 150,000.00
Conso Equipment 250,000.00 3,125.00 AD 3,125.00
Less: Loss on sale 10,000.00
Depreciation adj, 2030, 12 months - 50,000.00 Apr. 30, 2031
Depreciation adj, 2031, 6 months - 25,000.00 44 Equipment
Conso Equipment, BV, 7/31/31 175,000.00 AD
Less: SP 180,000.00 Gain on sale
Gain on sale 5,000.00 May 31, 2031
Equipment
Equipment 200,000.00 AD
Add:
FV adj. - 01/31/31 50,000.00
Conso Equipment 250,000.00 AD
Less:
Accumulated depreciation - 53,125.00

Realized Loss - 1,041.67

Conso Equipment, BV, 1/31/31 195,833.33

Equipment 200,000.00
Add:
FV adj. - 04/30/31 50,000.00
Conso Equipment 250,000.00
Less:
Accumulated depreciation - 69,166.67
Realized Gain 2,500.00
Conso Equipment, BV, 4/30/31 183,333.33

Equipment 200,000.00
Add:
FV adj. - 05/31/31 50,000.00
Conso Equipment 250,000.00
Less:
Accumulated depreciation - 80,000.00
Realized Gain 2,500.00
Conso Equipment, BV, 5/31/31 172,500.00
 BLACK PINK DR CR CONSO
200,000.00 - 50,000.00 250,000.00 4,166.67

- 100,000.00 250,000.00
51,041.67 - 54,166.67
10,000.00 -

300,000.00 50,000.00 100,000.00 250,000.00

6,666.67 2,500.00 62,500.00 - 66,666.67
159,375.00 159,375.00

300,000.00 50,000.00 100,000.00 250,000.00

13,333.33 9,166.67 66,666.67 - 70,833.33 70,833.33

- 1,041.67
2,500.00
2,500.00
3,958.33
3. Conso NI - 2022

Black Born
Sales 1,540,000.00 1,102,500.00
Div In 42,000.00
COGS - 1,232,000.00 - 882,000.00
Other Expenses - 227,500.00 - 141,750.00
Net income, unadj 122,500.00 78,750.00
Add/Minus adjustments
Div In - 42,000.00
Add: RGP - BI, 2021 4,725.00
Add: RGP - BI, 2021 1,531.25
Less: DGP - EI, 2022 - 3,150.00
Less: DGP - EI, 2022 - 1,312.50
Net income, adj. 82,075.00 78,968.75

CNI
P Net Income 82,075.00
P's share from S NI 63,175.00 145,250.00 attributable to P
NCI 15,793.75 15,793.75 NCI
CNI 161,043.75