Consolidation working paper, noncontrolling interest, one year after acquisition, U.S. GAAP Kroft Foods, a U.S. company, acquired a 90 percent interest in Codberry Inc. on January 1, 2016, for $38,000,000. The fair value of the noncontrolling interest in Codberry is $3,000,000. Codberry's acquisition date assets and liabilities were reported at amounts approximating fair value, except its inventories (FIFO) were overvalued by $2,000,000, its property and equipment (20-year remaining life, straight-line) was overvalued by $10,000,000, and it had previously unreported identifiable intangibles (5-year remaining life, straight-line) with a fair value of $14,000,000. There is no goodwill impairment during 2016. Here are the December 31, 2016 trial balances of Kroft and Codberry: Dr (Cr) Kroft Codberry Current assets $9,950,000 $6,200,000 Property and equipment, net 110,000,000 65,000,000 Investment in Codberry 39,980,000 Liabilities (87,500,000) (46,200,000) Captial Stock (39,000,000 (2,000,000) Retained earning, January 1 (16,000,000) (20,500,000) Dividends 500,000 Sales revenue (50,000,000) (20,000,000) Equity in income of Codberry (2,430,000) Cost of goods sold 30,000,000 15,000,000 Operating Expenses 5,000,000 2,000,000 Working paper eliminating entry (R) is: Select one: 14,000,000 13,500,000 Identifiable intangible assets Goodwill Current assets Property and equipment, net Investment in Codberry 2,000,000 10,000,000 15,500,000 Investment in Codberry 15,500,000 Identifiable intangible assets Goodwill Current assets 14,000,000 16,500,000 Property and equipment, net Investment in Codberry Noncontrolling interest in Codberry 2,000,000 10,000,000 17,750,000 750,000 Identifiable intangible assets Goodwill 14,000,000 15,950,000 Current assets Property and equipment, net Investment in Codberry Noncontrolling interest in Codberry 2,000,000 10,000,000 17,750,000 200,000 Identifiable intangible assets Goodwill 14,000,000 16,500,000 Current assets Property and equipment, net Investment in Codberry Noncontrolling interest in Codberry 2,000,000 10,000,000 16,650,000 1,850,000