49. Consolidation on date of acquisition-Noncontrolling interest and AAP Assume a parent company acquires a 75% inkerest in its subsidiary for a purchase price of $1,097,250. The excess of the total fair value of the controlling and noncontrolling inkerests over the book value of the subsidiary"s Stockholders' liquity is assignod to a building (in PYT, net) that is worth $104,500 more than its book value, an unrecorded palent with a fair value of $171,000, and Goodwill of $294,500. There is no control premium, so goodwill is assignod proportionally to the controlling and nonecontrolling interests. The parent and the subsidiary report the following pre-consolidation balance shoets on the acquisition dale: a. Prepare the consolidation entries on the acquisition dale. b. Prepare the consolidation spreadshect on the acquisition dale