2. Calculate the Equity Income for the noncontrolling interest for the Year 2012.
3. Calculate the Equity Income for the noncontrolling interest for the Year 2013.
4. In regard to the noncontrolling interest, Calculate  their Equity Increase for 3 years periods.
5. Calculate the Excess of fair value over book value related to this case.

On January 1, 2011, Paisley Incorporated paid $300,000 for 60% of SmamiaCompany's outstanding capital stock. Smarnia reported common stock onthat date of $250,000 and retained earnings of $100,000. Plant assets, which had a five-year remaininglife, were undervalued in Smamia's financial records by $10.000. Smarnia alsohad a patent that was not on the books, but had a market value of $60,000. Thepatent has a remaining useful life of 10 years. Any remaining fair value/bookvalue differential is allocated to goodwill. Smamia's net income and dividendspaid the first three years that Paisley owned them are shown below. Net Income 80,000 90.000 60.000 Dividends Paid 30,000 2011 2012 2013 They Use Acquisition Methods & Implied Goodwill & Equity Mehtod For Investment Account Base on this case please answer the following Questions 10,000 20,000 Calculate the Equity income for the noncontrolling interest for Year 2011