25. On January 1, Patterson Corporation acquired 80 percent of the 100,000 outstanding voting shares of Soriano, Inc., in exchange for $31.25 per share cash. The remaining 20 percent of Soriano's shares continued to trade for $30 both before and after Patterson's acquisition. At January 1 , Soriano's book and fair values were as follows: In addition, Patterson assigned a $600,000 value to certain unpatented technologies recently developed by Soriano. These technologies were estimated to have a three-year remaining life. During the year, Soriano declared a $30,000 dividend for its shareholders. The companies reported the following revenues and expenses from their separate operations for the year ending December 31 . a. What amount should Patterson recognize as the total value of the acquisition in its January 1 consolidated balance sheet? b. What valuation principle should Patterson use to report each of Soriano's identifiable assets and liabilities in its January 1 consolidated balance sheet? c. For years subsequent to acquisition, how will Soriano's identifiable assets and liabilities be valued in Patterson's consolidated financial statements? d. How much goodwill resulted from Patterson's acquisition of Soriano? e. What is the consolidated net income for the year and what amounts are allocated to the controlling and noncontrolling interests? f. What is the noncontrolling interest amount reported in the December 31 consolidated balance sheet? g. Assume instead that, based on its share prices, Soriano's January 1 total fair value was assessed at $2,250,000. How would the reported amounts for Soriano's net assets change on Patterson's acquisition-date consolidated balance sheet