1.Calculate the goodwill that will appear in the consolidated balance sheet of Pinnead and Subsidiary at December 31, 2019. 2.Calculate consolidated net income for 2019. 3.Calculate the noncontrolling interest share for 2019.

Qi. On January 1, 2019, Pinnead Incorporated paid $299,895 for an 80% interest in Shalle Company. At that time, Shalle's total book value was $289,887. Patents were undervalued in the amount of $9,982. Patents had a 5-year remaining useful life, and any remaining excess value was attributed to goodwill. The income statements for the year ended December 31, 2019 of Pinnead and Shalle are summarized below: Pinnead Shalle Sales $800,000 $300,000 Income from Shalle 178,400 Cost of sales (100,000) (100,000) Depreciation (70,000) (30,000) Other Expenses (130,000) (70,000) Net Income $578.400 $100,000