Controlling Interest Subsidiary shares 60% 200,000 Shares trading value before and after $2.50 per share the acquisition Price paid for controlling interest Total net assets (book value) of the Subsidary Equipment excess fair value Building excess fair value Patent excess fair value $3.00 per share $315,000 $10,000 $25,000 $42,000 Complete the below consolidation journal entries in year 1. There are the correct amount of boxes. Do not write any $. Completing a goodwill allocation schedule may be helpful in order to solve for the correct numbers. Entry A1 DR DR DR CR CR A2 $ CR Entry A2 DR CR CR A $ S If the Subsidiary earns $50,000 in net income and pays $30,000 in dividends, complete the below table showing the changes in the non-controlling interest. The beginning balance has been provided. Show negative answers in () Beginning Balance Net Income Dividends Amortization Ending 200,000 If the Subsidiary earns $50,000 in net income and pays $30,000 in dividends, complete the below table showing the changes in the non-controlling interest. The beginning balance has been provided. Show negative answers in (). Beginning 200,000 Balance Net Income Dividends Amortization Ending Balance