E 3-5 Consolidated Balance Sheet after Acquisition On January 1 2014, Wins Inc. acquired 70 percent of Matt Inc. interest, at a cost of $1,400,000. Matt Inc.'s net assets on this date were $1,500,000. During 2014, Matt Inc. reported net income for $600,000 and declared dividend for $300,000. The fair values of Matt Inc.'s net assets were equal to the book value on January 1 2014 REQUIRED 1. Calculate Goodwill that should 2. Calcula be reported in the consolidated balance sheet on December 31, 2014. te Noncontrolling interest that should be reported in the consolidated balance sheet at December 31, 2014