The first step in bone healing involves the formation of a b…

Questions

The first step in bоne heаling invоlves the fоrmаtion of а blood-filled swelling known as a(n) ____.

On Jаnuаry 1, 2025  Pоny Cо. аcquired 80% оf the outstanding common shares of Tail Inc. at a price of $300,000.  Pony Co. accounts for its Investment in Tail using the Cost Method. At that time, Tail Inc. had 100,000 common shares issued and outstanding.               As the Controller of Pony Co., you are responsible for preparing the Consolidated Financial Statements on December 31, 2025. The balance sheets of Pony Co. and Tail Inc. on January 1, 2025 follow:                  Pony Co.   Tail Inc.   Tail: Fair Value   Tail: Change              Cash $1,700,000 $150,000 $150,000 $0 Accounts receivable 843,000 60,000 60,000 0 Inventory 512,400 90,000 80,000 -10,000 Investment in Tail Co. 300,000 ----------- ---------   Plant and equipment (net) 1,092,000 200,000 225,000 25,000 Patent 0 0 15,000 15,000                  $4,447,400  $500,000  $530,000  $30,000                         Current liabilities $872,000     $100,000 $100,000 $0 Long-term debt 2,452,000 150,000 175,000 25,000 Common shares 520,000 100,000     Retained earnings 603,400 150,000                      $4,447,400  $500,000  $275,000  $25,000                         Additional information regarding Pony Co. and Tail Inc. for the Year Ended December 31, 2025 follows: Net incomes were $160,000 for Pony and $90,000 for Tail. Dividends: Tail Inc. declared and paid dividends totaling $15,000 for the year. Amortization of the Acquisition Differential (e.g. Step 2; including all impairments) totaled $13,000 DR on December 31. Further details about the AADS is as follows: Goodwill was impaired by $20,000 by the end of the year. Unamortized Amount (e.g. Balance) from the Amortization Schedule on December 31st was $112,000. Retained Earnings: Tail Inc.’s Balance on December 31, 2025 is $225,000.   REQUIRED: In the spaces provided below Calculate:   ·        Step 4: Consolidated Net Income (including the “Attributed to” section) for the Year Ended December 31, 2025   ·       Step 6: NCI at December 31, 2025