Check my work 2 Sink Corporation prepared the following summarized balance sheet on January 1, 20x1 Assets Part 24 Total Assets 11.11 polits Book Ak 2 $150,000 Liabilities Preferred Stock Common Stock Retained Earnings $150,000 Total Liabilities & Equities $20,000 30,000 40,000 60,000 $150,000 Plumber Company acquires 80 percent of Sink Corporation's common stock on January 1, 20X1, for $80,000. At that date, the fair value of the common shares held by the noncontrolling interest is $20.000 Required: Select the correct answer for each of the following questions. 2. In addition to the common shares, Plumber Company purchases 70 percent of Sink's preferred shares for $21.000. The amount reported as noncontrolling interest in Plumber's consolidated balance sheet is