Consolidation Eliminating Entries, One Year After Acquisition, IFRS Slue SA. a French teiecommunications company, acquied a 40 percent inferest in E-Minus for 70,000,000. Blue consolidates EMinus because it has special voting rights that alfowic to control E-Minus. The tair value of the noncontrolling interest at the date of acquasition was 6100,000,000, and f Minus book value was 65,000,000. its identifiable iet assets wetie carnied at anounts a pprokimating fair value. One year later, EMenus reports ner inicome of 6,000,000, and dedares and pays no dividends Goodmit is not impaired. Required a. Calculate total goodwal and the ceported amount of noncontrolling ingerests at the date of acquistion, assuming blue 5 . A uses the ifas aliernative valuation method for noncontroting interests Enter answers using all zeros lido notabbreviate to milions ar thousands b. Prepare the consolidation eliminating entries necessary to consobdate the triat balances of Bute and e-Minus at the end of the firat year. assuming Blue uses the complete equity method to report its mvedment in E.Minus on its own books. treer ahwers uaing ou teros (so not abbreviate to millions or thousands) Consolidation Eliminating Entries, One Year After Acquisition, IFRS Blue S.A., a French telecommunications company, acquired a 40 percent interest in E-Minus for 70,000,000. Blue consolidate control E-Minus. The fair value of the noncontrolling interest at the date of acquisition was 100,000,000, and E-Minus' book amounts approximating fair value. One year later, EMinus reports net income of 6,000,000, and declares and pays no divide Required a. Calculate total goodwill and the reported amount of noncontrolling interests at the date of acquisition, assuming Blue noncontrolling interests. Enter answers using all zeros (do not abbreviate to millions or thousands). b. Prepare the consolidation eliminating entries necessary to consolidate the trial balances of Blue and E-Minus at the method to report its investment in E-Minus on its own books. Enter answers using all zeros (do not abbreviate to millions or thousands)