Question: Fischer Corporation purchased 80 percent of the outstanding stock of Carp, Incorporated on January 1, 2015. The following information existed for Carp at the acquisition date.

                                       Book Value    Market Value

Cash& Receivables                 $50,000       $ 50,000

Inventory                             190,000        220,000

Plant Assets (net)                 420,000         600,000

Current Liabilities                  (40,000)        (40,000)

Long-term Debt                  (250,000)       (250,000)

Stockholders' Equity            (370,000)

At the acquisition date, Fischer assigns a six-month amortization period to the inventory and a five-year amortization period to the plant assets.

Required: a. What is the amount of purchase differential amortization included in the calculation of Investment Income on Fischer's books in 2015 and 2016?

b. What amounts appear on the income statement portion of the 2015 consolidation worksheet with regard to the purchase differential amortizations?