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 $800,000 $800,000 Land 200,000 300,000 Patented technology (20 years) 400,000 600,000 Equipment (5 years) 600,000 750,000 Total assets Liabilities $(1,000,000) $(1,000,000) Common stock (100,000 shares outstanding) (200,000) Additional paid-in capital (300,000) Retained earnings (500,000) Total liabilities and stockholders' equity (1) Calculate goodwill allocation of goodwill between controlling and noncontrolling interest. (2) Prepare Consolidation Entry S, A, I, D, E,P for 2015. Entry s Dr. Cr. Entry A1 Dr. Cr. Entry A2 Entry! Dr. Cr. Entry D Dr. Cr. Entry E Dr. Cr. Entry P Dr. Cr