1, Prep pays $450,000 for 80% interest in Snap on January 1 2006, when Snap stockholders' equity consists of $250,000 capital stock and S160,000 retained carnings. The excess of investment cost is allocated to Goodwill Prep Snap Cash Account Receivable $0,000 Other Curment Asst 120,000 120000 Equipment, Net Building Net Land Total Asset 100,000 150000 60,000 200,000 300000 0,000 0000 50,000 250000 678,000 9000 iabalities Account Payable Note Payable Total Liabilities Shareholder Equity Capital Rctained Eaming 250,000 300,000 50,000 250,000 0.000 58000 200,000 250,000 0,000 160000 27,000 410000 Snape declare 006 Net income 150,000 Dividend 30,000 e. What is the minority interest balance at the end of the year 2006 f. What is Invest balance of Prep in Snap at the end of the year 2006 g. Prepare the consolidation 1, Prep pays $450,000 for 80% interest in Snap on January 1 2006, when Snap stockholders' equity consists of $250,000 capital stock and S160,000 retained carnings. The excess of investment cost is allocated to Goodwill Prep Snap Cash Account Receivable $0,000 Other Curment Asst 120,000 120000 Equipment, Net Building Net Land Total Asset 100,000 150000 60,000 200,000 300000 0,000 0000 50,000 250000 678,000 9000 iabalities Account Payable Note Payable Total Liabilities Shareholder Equity Capital Rctained Eaming 250,000 300,000 50,000 250,000 0.000 58000 200,000 250,000 0,000 160000 27,000 410000 Snape declare 006 Net income 150,000 Dividend 30,000 e. What is the minority interest balance at the end of the year 2006 f. What is Invest balance of Prep in Snap at the end of the year 2006 g. Prepare the consolidation