2 Calculate The Total Amortizations. ( Using the Implied Goodwill)

3 Calculate the goodwill that will appear in the consolidated balance sheet of Pinnead and Subsidiary at December 31, 2011. (Using the Implied Goodwill)

4 Calculate consolidated net income for 2011. (Using the Implied Goodwill)

5 Calculate The Non controlling st Share For 2011.(Using the Implied Goodwill)

On January 1, 2011. Pinnead Incorporated paid $300,000 for an 80% interest in Shalle Company. At that time, Shalle's total book value was $300,000. Patents were undervalued in the amount of $10,000. 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, 2011 of Pinnead and Shalle are summarized below: Shalle $300,000 Sales Income from Shalle Cost of sales Depreciation Other Expenses Net Income Pinnead $800,000 78,400 (100,000) (70,000) (130.000) $578.400 (100,000) (30,000) (70.000) $100,000 Requirements 1. Calculate Total excess 7 Requirements: Calculate Total excess. (Using the implied Goodwill)