Computation of Consolidated Balances a. Inventory b. Land c. Buildings and Equipment d. Fair value of consideration given by Prize Fair value of noncontrolling interest Total fair value Book value of Statues net assets Fair value increment for: Inventory Land Buildings and equipment (net) Fair value of identifiable net assets Goodwill $450,000 20,000 (10,000) 70,000 $140,000 $ 60,000 $550,000 $470,000 117,500 $587,500 (530,000) $ 57,500 $117,500 e. Investment in Statue Corporation: None would be reported; the balance in the investment account is eliminated. f. Noncontrolling Interest = FV of the NCI 2 $117,500