1. Assigning bargain purchase gain (i.e., negative goodwill) to controlling and noncontrolling interests.

Assume on July 1, 2022, a parent company paid $1,656,000 to purchase an 80% interest in a subsidiarys voting common stock. On that date, the fair value of the 20% interest not purchased by the parent company is $414,000. The acquisition-date fair value of the identifiable net assets of the subsidiary is $2,160,000. What is the amount of goodwill (or bargain purchase gain) assigned to the controlling and noncontrolling interests, respectively, on the acquisition date?

1. $72,000 goodwill assigned to the controlling interest and $18,000 goodwill assigned to the noncontrolling interest.
2. $45,000 bargain purchase gain assigned to the controlling interest and $45,000 bargain purchase gain assigned to the noncontrolling interest.
3. $72,000 bargain purchase gain assigned to the controlling interest and $18,000 bargain purchase gain assigned to the noncontrolling interest.
4. $90,000 bargain purchase gain assigned to the controlling interest and zero assigned to the noncontrolling interest.