a) 47,813

b) 57,500

c) 60,000

d)45,000

Requtrea intormatton On July 1, 20X8, Pair Logic Corporation acquires 75 percent of Systems Inc. common stock for its underlying book value. At the time of acquisition, the fair value of the noncontrolling interest is equal to its proportionate share of book value of Systems. On January 1, 20X8 Systems reported common stock of $100,000 and retained earnings of $130,000. For the year 20X8, Systems reports the following items: $150,000 90,000 20, 15,000 25, 15,000 Befo re Combination (January 1 to June 30) Sales Cost of Goods Sold Depreciation Expense Other Expenses Net Income Dividends After Combination (July 1 to December 31) $160 , 93, 20, 17 , 30 , 18 , Pair Logic uses the equity method in accounting for this investment. ised on the preceding information, what is the fair value of the noncontrolling interest at the time of acquisition?