3 years ago on January 1, 2011, Daisy Company acquired 80 perceat of Rose Compony for $594,000 in cash. Rose's net book value on that date wa.5 $610,000 and the fair value of the noncontrolling interest was $148,500. Rose possessed a trademark (10-year remaining life) that although umreconded on Rose's accounting records, had a fair value of $75,000. There were no other unrecorded assets or liabilities and the book value of the remaining assets and liabilities approxizated fair valuc. 1. (3 Points) Calculate the amcunt of tolal goxidwill assnciated with the acquisition of Rove by Daisy and allocate the gootwill to Daisy and the nom-controlling interest. Topic: Calculation of Equity in Ineome A. Rose bad net income of $120,000 in 2013 . B. Daisy acquirod Rose so that Rose could provide Daisy with vital component parts for its production of Caplain Kirk launge chairs. a. At the beginning of 2013 , Daisy had inventery on hand from Rose that it paid Rose $30,000 for. Rose's cost to make that inventory was $20,000. b. During 2013, Daisy purchased $160,000 of inventory from Rose that cost Rose $120,010 to make. Of the inventory purchased in 2013, Daisy had $68,01010 of it left unused at the end of the year. The cost to Rose to make this unused imventory was 551,000 . C. On January 1, 2012, Daisy sold Rose several pieces of equipment that had a 10 year remaining useful life. All equipment in the controlled group is considerexl to have no salvage value and is depreciated on a straight lime basis. The equipment originally cost Daisy $100,000 and bad accumulated depreciation of $56,000 at the time of the transfer. The transfer price was $80,0000. D. On January 1, 2013 Daisy sold land an cretit to Rose for $50,000. The original cost of the land was $22,000. At December 31, 2013, Rose had yet to pay for the land. 3 years ago on January 1, 2011, Daisy Company acquired 80 perceat of Rose Compony for $594,000 in cash. Rose's net book value on that date wa.5 $610,000 and the fair value of the noncontrolling interest was $148,500. Rose possessed a trademark (10-year remaining life) that although umreconded on Rose's accounting records, had a fair value of $75,000. There were no other unrecorded assets or liabilities and the book value of the remaining assets and liabilities approxizated fair valuc. 1. (3 Points) Calculate the amcunt of tolal goxidwill assnciated with the acquisition of Rove by Daisy and allocate the gootwill to Daisy and the nom-controlling interest. Topic: Calculation of Equity in Ineome A. Rose bad net income of $120,000 in 2013 . B. Daisy acquirod Rose so that Rose could provide Daisy with vital component parts for its production of Caplain Kirk launge chairs. a. At the beginning of 2013 , Daisy had inventery on hand from Rose that it paid Rose $30,000 for. Rose's cost to make that inventory was $20,000. b. During 2013, Daisy purchased $160,000 of inventory from Rose that cost Rose $120,010 to make. Of the inventory purchased in 2013, Daisy had $68,01010 of it left unused at the end of the year. The cost to Rose to make this unused imventory was 551,000 . C. On January 1, 2012, Daisy sold Rose several pieces of equipment that had a 10 year remaining useful life. All equipment in the controlled group is considerexl to have no salvage value and is depreciated on a straight lime basis. The equipment originally cost Daisy $100,000 and bad accumulated depreciation of $56,000 at the time of the transfer. The transfer price was $80,0000. D. On January 1, 2013 Daisy sold land an cretit to Rose for $50,000. The original cost of the land was $22,000. At December 31, 2013, Rose had yet to pay for the land