Clark Co. acquired 60% of Allen Company for $3,000,000. There was no active market for the shares of Allen Company. Allen owned equipment plus two buildings with twelve-year useful lives. The combined book value of these assets was $1,100,000, and the fair value was $1,300,000. For Allen's other assets and liabilities, book value was equal to fair value. The total acquisition-date fair value of Allen's net assets was $4,200,000.

A. Using the acquisition method, determine the amount of goodwill associated with Clark's purchase of Allen.

B. Determine the amount of the noncontrolling interest as of the date of the acquisition.