Additional* What is the NCI expense?

32. Father, Inc., buys 80 percent of the outstanding common stock of Sam Corporation on January 1, 2009, for $680,000 cash. At the acquisition date, Sam's total fair value was assessed at $850,000 although Sam's book value was only $600,000. Also, several individual items on Sam's financial records had fair values that differed from their book values as follows: Book Value Fair Value Land ... $ 60,000 $225,000 Buildings and equipment (10-year remaining life) 275,000 250,000 Copyright (20-year life) 100,000 200,000 Notes payable (due in 8 years) (130,000) (120,000) For internal reporting purposes, Father, Inc., employs the equity method to account for this investment. The following account balances are for the year ending December 31, 2009, for both companies. Using the acquisition method, determine consolidated balances for this business combination (through either individual computations or the use of a worksheet). Father Sam Revenues $(1,360,000) $(540,000) Cost of goods sold 700,000 385,000 Depreciation expense 260,000 10,000 Amortization expense -0- 5,000 Interest expense 44,000 5,000 Equity in income of Sam (105;000) Net income (461,000) $(135,000 Retained earnings, 1/1/09 $(1,265,000) $(440,000) Net income (above) (461,000) (135,000) Dividends paid .. 260,000 65,000 Retained earnings, 12/31/09 $(1.466,000) $(510,000) Current assets ... $ 965,000 $ 528,000 Investment in Sam 733,000 Land ... 292,000 60,000 Buildings and equipment (net) 877,000 265,000 Copyright 95,000 Total assets $ 2,867,000 $948,000 Accounts payable $(191,000) $(148,000) Notes payable (460,000) (130,000) Common stock (300,000) (100,000) Additional paid-in capital (450,000) (60,000) Retained earnings (above) (1,466,000) (510,000) Total liabilities and equities $(2,867,000) $(948,000) Note: Credits are indicated by parentheses -0