Consolidated Balance Sheets. Lex Corporation acquires 60 percent ownership of Second Avenue Corporation. Lex's equipment has a FMV of $7,000 and the FMV of Second's equipment is $3,000. Lex owed Second $200 on account on the data of acquisition. The allocation of excess is: 1. What amount shows on Lex Corporation's balance sheet for equipment? 2. What amount shows on the consolidated balance sheet for retained earnings? 3. What amount shows on the consolidated balance sheet for noncontrolling interest? E5-3. P acquires 80% of the shares of S. On that date, the FMV of S's inventory exceeds BV by $5,000 and the FMV of buildings (net) exceeds BV by $20,000.Our mission is to prepare a consolidated balance sheet. The individual balance sheets show the following: The allocation of excess is