Grower Supply Corporation holds 85 percent of Schultz Company's voting common stock. At the end of 20X4, Schultz purchased 30 percent of Grower Supply's stock. Schultz records dividends received from Grower Supply as nonoperating income. In 20X5, Grower Supply and Schultz reported operating income (excluding any dividend income or income from subsidiaries) of $112,000 and $50,000 and paid dividends of $70,000 and $30,000, respectively. Required: Compute the amounts reported as consolidated net income and income assigned to the controlling interest for 20X5 under the treasury stock method.

Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan