2. Following is the balance sheet for Cake at 1/1/2014. On 1/1/2014, Choco acquired 80% of the outstanding common stock 80,000 shares out of 100,000 shares) of Cake for $18/shares. The market value for Cake's stock was $16/share, control premium Book value Fair value FV-BV Current assets Se00.000 S800.000 Land 200.000 300.000 Patented technology (20 years) 400.000 600.000 Equipment 15 years) 600.000 Total assets 1 $1.000.000 $1.000.000 Common stock (100.000 shares outstanding 200,000 Additional Bald.in capital 300,000 Retained earnings 500,000 Total liabilities and stockholders' equity (1) Calculate goodwill, allocation of goodwill between controlling and noncontrolling interest. (9) Prepare Consolidation Entry S, A, D, E, Pfor 2015. | Entry s Dr. Cr. Dr. 2. Following is the balance sheet for Cake at 1/1/2014. On 1/1/2014, Choco acquired 80% of the outstanding common stock 80,000 shares out of 100,000 shares) of Cake for $18/shares. The market value for Cake's stock was $16/share, control premium Book value Fair value FV-BV Current assets Se00.000 S800.000 Land 200.000 300.000 Patented technology (20 years) 400.000 600.000 Equipment 15 years) 600.000 Total assets 1 $1.000.000 $1.000.000 Common stock (100.000 shares outstanding 200,000 Additional Bald.in capital 300,000 Retained earnings 500,000 Total liabilities and stockholders' equity (1) Calculate goodwill, allocation of goodwill between controlling and noncontrolling interest. (9) Prepare Consolidation Entry S, A, D, E, Pfor 2015. | Entry s Dr. Cr. Dr