Base your answers to questions 16 through 18 on the following Information. On the last clawr of the year, Jones Companyr purchased 99% of the common stock of Smith, Inc., for $5,999,999. At that time, Smith, Inc. reported the following on its balance sheet: assets, $?,499,999, liabilities, $1,399,999; common stock, $19 par, $5,999,999; retained earnings, $1,199,999. In negotiating the stock sale, it was determined that the book carry- ing amounts of Smith's recorded assets and equities approximated their current market 1.ralues. 16. At the date of acquisition, the amount to be reported on the consolidated balance sheet for minority interest is A. $119,999. C. $619,999. B. $599,999. D. $649,999. 1?. At the date of acquisition, the amount to be reported on the consolidated balance sheet for excess of acquisition cost over book value of acquired subsidiary;F is A. $0. c. $070,000. a. $400,000. 0. $000,000. 13. Earnings per share is to be reported on the A. income statement. H. statement of owner's equity. (2. balance sheet. D. statement of changes in nancial position