Several years ago, PP Co. acquired 70% of the outstanding ordinary shares of SS Corp.

by paying amount equal to the FV

of SS’s net assets. All the assets and liabilities of SS had carrying values equal to FV at that time.
For the years 2023, 2024 and 2025, both PP and SS had intercompany sales of inventories and fixed assets with each
other. Information resulting from intercompany sales, ending inventory and gross profit rates are summarized below:
Year Sales of PP to SS 12/31 Merchandise Invty. Intercompnay GPR
2023 400,000 50% of sales 30% based on sales
2024 540,000 60% of sales 35% based on cost
2025 380,000 90% of sales 40% based on sales
Year Sales of SS to PP 12/31 Merchandise Invty. Intercompnay GPR
2023 240,000 65% of sales 40% based on cost
2024 300,000 30% of sales 25% based on sales
2025 700,000 80% 35% based on cost

Date of sale Seller Selling price Book Value Remaining Life

2/1/2023 PP 240,000 500,000 10 years
5/31/2023 SS 1,200,000 800,000 5 years
4/1/2024 PP 5,000,000 4,200,000 -
6/1/2024 SS 1,000,000 1,400,000 -
9/30/2024 SS 250,000 100,000 10 years
1/1/2025 PP 480,000 800,000 8 years
10/31/2025 PP 450,000 350,000 2 years

Other information:
*asset sold on 5/31/2023 was sold to TT on 9/1/2024.
*asset sold on 4/1/2024 was sold to RR on 11/30/2025.

Net income and dividend paid for 2023, 2024, and 2025 are as follows:
PP Company SS Company
Net Income Dividend Paid Net Income Total Dividend Paid
2023 897,400 200,000 456,780 350,000
2024 564,600 444,000 320,000 240,000
2025 968,600 460,000 540,000 300,000

1. Consolidated net income for 2023 _________________

2. Consolidated net income attributable to PP (controlling interest) for 2023 _____________________
3. Consolidated net income attributable to non-controlling interest for 2023 _____________________
4. Consolidated net income for 2024 __________________
5. How much of the consolidated net income is attributable to the parent for 2024?
6. How much of the consolidated net income is attributable to the NCI for 2024?
7. Consolidated net income for 2025 __________________
8. How much of the consolidated net income is attributable to the parent for 2025?
9. How much of the consolidated net income is attributable to the NCI for 2025?