answer all questions Hi 6190501004, when you submit this form, the owner will be able to see your name and email address. Required 1.Q1-Patterson Company acquired 90% of Starr Corporation on January 1, 2011 for $2,250,000. Starr had net assets at that time with a fair value of $2,500,000. At the time of the acquisition, Patterson computed the annual excess fair-value amortization to be $20,000, based on the difference between Starr's net book value and net fair value. Assume the fair value exceeds the book value, and $20,000 pertains to the whole company. Separate from any earnings from Starr, Patterson reported net income in 2011 and 2012 of $550,000 and $575,000, respectively. Starr reported the following net income and dividend payments: 2011 2012 Net Income $150,000 $180,000 Dividends $30,000 $30,000 Required: Calculate the following: Investment in Starr shown on Patterson's ledger at December 31, 2011 and 2012. Investment in Starr shown on the consolidated statements at December 31, 2011 and 2012.. Consolidated net income for 2011 and 2012... Multi Line Text. (10 Points)