Bella inc, pays $2,400,000 for 75% of sockeye's outstanding common stock. sockeye co, has net assets with a book value of $2,350,000. sockeye has land that was originally purchased for 5320,000 is now worth $680,000. the remainder of the business combination's purchase price is allocated to goodwill. bella, inc, accounts for its investment in sockeye using the equity method.

using the acquisition method for consolidation, determine the amount that should be attributed to goodwill.

prepare working paper elimination at the date of acquisition with Non controlling interest