Ch 5 Less than wholly owned subs - Graded HW i 4 Summer Company holds assets with a fair value of $121,000 and a book value of $92,000 and llabilitles with a book value and fair value of $29,000. 5 Required: points Compute the following amounts if Parade Corporation acquires 75 percent ownership of Summer: a. What amount did Parade pay for the shares if no goodwill and no gain on a bargain purchase are reported? b. What amount did Parade pay for the shares If the fair value of the noncontrolling interest at acquisition is $32,250 and goodwill of $37,000 is reported? c. What balance will be assigned to the noncontrolling interest In the consolidated balance sheet if Parade pays $90,750 to acquire its ownership and goodwill of $29,000 is reported