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Lever Corporation acquired 75 percent of the ownership of Tropic Company on January 1, 20X1. The fair value of the noncontrolling interest at acquisition was equal to its proportionate share of the fair value of the net assets of Tropic. The full amount of the differential at acquisition was attributable to buildings and equipment, which had a remaining useful life of eight years. Financial statement data for the two companies and the consolidated entity at December 31, 20X6, are as follows: LEVER CORPORATION AND TROPIC COMPANY Assets Cash Accounts Receivable $ 70,000 50,000 $ 120,000 60,000 106,000 230,000 110,000) 770,000 Buildings&Equipment Less: Accumulated Depreciation Investment in Tropic Company (185.000) ( Total Assets $ 336,000 ? Liabilities& Equity Accounts Payable Other Payables Notes Payable Common Stock Retained Earnings Noncontrolling Interest $ 86,000 26,000 5,000 124,000 65,000 116,000 90,000 254,000 124,000 177,500 378,000 124,000 177,500 48,500 Total Liabilities & Equity $ 336,000