Phantom Casinos Bought 65% of Simpson Entertainment's Voting Stock on January

Phantom Casinos bought 65% of Simpson Entertainment's voting stock on January 1, 2019 for $33,900. The fair value of the noncontrolling interest in Simpson was $16,100, and Simpson's book value was $6,000 on that date. Simpson's net assets were valued at amounts approximating fair value, except previously unreported identifiable intangible assets, meeting the criteria for capitalization, were valued at $16,000. These intangibles have an 8-year life, straight-line. Goodwill from this acquisition is impaired by $5,000 to the beginning of 2021 and is impaired by $400 in 2021. Phantom uses the complete equity method to record its investment in Simpson on its own books. The separate trial balances of Phantom and Simpson at December 31, 2021 are as follows:
$$\begin{array} { | l | r | r | } \hline &{ \begin{array} { c } \text { Phantom } \\\text { Dr(Cr) }\end{array} } & { \begin{array} { c } \text { Simpson } \\\text { Dr (Cr) }\end{array} } \\\hline \text { Current asset s } & \$ 15,000 & \$ 5,000 \\\hline \text { Property \& equipment, net } & 200,000 & 80,000 \\\hline \text { Inyestment in Simpson } & 31,810 & - \\\hline \text { Liabilities } & \{ 189,700 \} & \{ 70,400 \} \\\hline \text { Capital stock } & \{ 15,000 \} & \{ 300 \} \\\hline \text { Retained earnings, Jan. 1 } & \{ 40,000 \} & \{ 12,100 \} \\\hline \begin{array} { l } \text { Accumulated other comprehensive loss \{income\}, } \\\text { Jan. 1 }\end{array} & \{ 400 \} & 300 \\\hline \text { Treasury stock } & 250 & 100 \\\hline \text { Sales revenue } & \{ 200,000 \} & \{ 50,000 \} \\\hline \text { Equity in Nl of Simpson } & \{ 45 \} & - \\\hline \text { Equity in OCl of Simpson } & \{ 65 \} & - \\\hline \text { Cost of goods sold } & 120,000 & 35,000 \\\hline \text { Operating expenses } & 78,000 & 12,500 \\\hline \text { Other comprehensive loss \{income } \} & 150 & \{ 100 \} \\\hline \text { Total } & \$ \quad 0 & \$ \\\hline\end{array}$$ Required
a. Prepare a schedule calculating the initial value of goodwill for this acquisition, and its allocation to Phantom and to the noncontrolling interest in Simpson.
b. Prepare a schedule calculating Phantom's equity in net income of Simpson for 2021, and the noncontrolling interest in Simpson's net income.
c. Prepare a schedule calculating the December 31, 2021 balance for Investment in Simpson, reported on Phantom's books.
d. Prepare a working paper to consolidate the trial balances of Phantom and Simpson at December 31, 2021.