Following is the balance sheet for Cake at 1/1/2014. On 1/1/2014, Choco acquired 80% of the outstanding common stock (80,000 shares out of 100,000 shares) of Cake for $18/shares. The market value for Cakes stock was $16/share. (control premium)

	Book value	Fair value	FV-BV
Current assets	$800,000	$800,000
Land	200,000	300,000
Patented technology (20 years)	400,000	600,000
Equipment (5 years)	600,000	750,000
Total assets
Liabilities	$1,000,000	$1,000,000
Common stock (100,000 shares outstanding)	200,000
Additional paid-in capital	300,000
Retained earnings	500,000
Total liabilities and stockholders equity

1. Calculate goodwill, allocation of goodwill between controlling and noncontrolling interest.
2. Prepare Consolidation Entry S, A, I, D, E, P for 2015