A.

Protrade cost of good sold 395000

Sea crafts cost of goods sold 302000
Eliminiation of2018 intra entity transfers -131000
Beginning inventory
$49000/140%=$35000
so unrealsied gross profit
$49000-$35000= -14000
Ending inventory
$63000/140%=45000
unrealised gorss profit
63000-45000 18000
consolidated cost of goods sold 570000

consolidated inventory
Protrade 367000
seacraft 131000
Defer ending unrealised gross
profit -18000
consolidated inventory 480000

Noncontrolling interest
since sales downstream the deferreals do not
affect seacraft
so non controlling interest= 20%*(sales-COGS-expenses)
=20%(570000-302000-126000)
= 28400
-COGS-expenses)
B.
Protrade cost of good sold 395000
Sea crafts cost of goods sold 302000
Eliminiation of2019 intra entity transfers -101000
Beginning inventory
$42000/140%=$30000
so unrealsied gross profit
$42000-$30000= -12000
Ending inventory
$56000/140%=40000
unrealised gorss profit
56000-40000 16000
consolidated cost of goods sold 600000

consolidated inventory
Protrade 370000
seacraft 144000
Defer ending unrealised gross
profit -16000
consolidated inventory 498000

Noncontrolling interest
since sales upstream the deferreals
affect seacraft
so non controlling interest=
Seacraft reportned net income 142000 (570000-302000-12600
Add:unrealised gross profit in opening inventory 12000
Add:unrealsised gross profit in ending inventory -16000
Net realised income 138000
Ownership-NCI 20%
NCI in consolidated income 27600
(570000-302000-126000)
C.
Protrade's building 379000
Seacreaft's buildings 178000
remove write up created by transfer
(122000-71000) -51000
Remove excess sepriciaion creasted by transfer
(49000 unrealised gain oevr 5 years)* 2 years 20400
Consolidated buildings -30600
consolidated net buildings 526400

consolidated expenses
Protrades book vlaue 171000
seacraft book vlaue 126000
remove excess depriciaition on transferred
building
($49000/5 years) -10200
consolidated expenses 286800

Non controlling interest

transfer is downstream it does not effect non-controlling interest
NCI wii be same as part A=20%*142000= 28400