Costco Wholesale Corporation owns and operates membership warehouses in the United States, Canada, United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, and Iceland. Costco also engages in retail operations through a majority-owned subsidiary in Taiwan. The outside equity interests (not owned by Costco) in the Taiwanese subsidiary are presented as noncontrolling interests in Costco’s consolidated financial statements. Access Costco’s 2018 10-K annual report, and answer the following: 1. How does Costco present the noncontrolling interest in the following financial statements? ∙ Consolidated Balance Sheet ∙ Consolidated Income Statement ∙ Consolidated Statement of Other Comprehensive Income ∙ Consolidated Statement of Cash Flows 2. Explain how Costco’s presentations of the noncontrolling interest reflect the acquisition method for consolidated financial reporting as a single economic entity.