49. Consolidation on date of acquisition-Noncontrolling interest Assume a parent company acquires a 75% interest in its subsidiary for a purchase price of $1,097,250 The excess of the total fair value of the controlling and noncontrolling interests over the book value of the subsidiary's Stockholder' Equity is assigned to a building (in PPE, net) that is worth $104,500 more than its book value, an unrecorded patent with a fair value of $171,000, and Goodwill of $294,500. There is no control premium, so goodwill is assigned proportionally to the controlling and noncontrolling interests. The parent and the subsidiary report the following pre-consolidation balance sheets on the acquisi. tion date: a. Prepare the consolidation entries on the acquisition date. b. Prepare the consolidation spreadsheet on the acquisition date