E 8-5 Subsidiary issues additional shares Pupuk Corporation paid $2,500,000 for an 80 percent interest (1,800,000 shares) in Soil Corporation on January 1, 2016. The book value of Soil's net assets equaled fair value, except undervalued equipment of $50,000 with a five-year remain- ing useful life, and Soil's common stock and retained earnings were $2,000,000 and $500.000, respectively. During 2016, Soil dedared $25,000 dividends and reported $200.000 net income. On January 1, 2017, Pupuk directly purchased 60,000 shares of previously unissued common stock from Soil for $15 each. For 2017. Soi's net incomp was $225,000 and dividend declared was $25,000 REQUIRED: Determine the following: a. The balance of Pupuk's Investment on Soil account at December 31, 2016 b. Goodwill amount that should appear on the consolidated balance sheet at December 31, 2017 cAdditional paid-in capital at December 31, 2017, if Soil sold the issued shares to a third party d. Noncontrolling interest at December 31, 2017, if Soil sold the issued shares to a third party E 8-5 Subsidiary issues additional shares Pupuk Corporation paid $2,500,000 for an 80 percent interest (1,800,000 shares) in Soil Corporation on January 1, 2016. The book value of Soil's net assets equaled fair value, except undervalued equipment of $50,000 with a five-year remain- ing useful life, and Soil's common stock and retained earnings were $2,000,000 and $500.000, respectively. During 2016, Soil dedared $25,000 dividends and reported $200.000 net income. On January 1, 2017, Pupuk directly purchased 60,000 shares of previously unissued common stock from Soil for $15 each. For 2017. Soi's net incomp was $225,000 and dividend declared was $25,000 REQUIRED: Determine the following: a. The balance of Pupuk's Investment on Soil account at December 31, 2016 b. Goodwill amount that should appear on the consolidated balance sheet at December 31, 2017 cAdditional paid-in capital at December 31, 2017, if Soil sold the issued shares to a third party d. Noncontrolling interest at December 31, 2017, if Soil sold the issued shares to a third party