Computing Consolidating Adjustments and Noncontrolling Interest Patterson Company purchases 80% of Kensington Company's common stock for $240,000 cash when Kensington Company has $120,000 of common stock and $180,000 of retained earnings a. If a consolidated balance sheet is prepared immediately after the acquisition, what amounts are eliminated when preparing that statement? $240,000 Investment in Kensington $120,000 Common stock $180,000 Retained earnings Eliminated? b. What amount of noncontrolling interest appears in the consolidated balance sheet? $