Carson, Inc., acquires 80 percent of the outstaniding common stock of Gardena corporation on January 1, 2020, in exchange for $900,000 cash.

At the acquisition date, Gardena's total fair value, including the noncontrolling interest, was assessed at $1,125,000. Also at the acquisition date,

Gardena's book value was $690,000.

Several individual items on Gardena's financial records had fair values that differed from their book values as follows:

								Book value		Fair value
Trademark (indefinite life)								$360,000		$383,000
Property and equipment (net, 8-year remaining useful life)								290,000		330,000
Patent (14-year remaining useful life)								132,000		272,000

3.What is the amount of Non-Controlling Interest at acquisition (1/1/2020)?

5. The working paper entry to eliminate Carsons investment in Gardena at December 31, 2020 (only consolidation JE S and A)

4. The working paper entry to eliminate any dividend earned from Gardena Corporation during 2020 (consolidation JE D)

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