implied goodwill

Polaris Incorporated purchased 80% of The Solar Company on January 2, 2011, when Solar's book value was $800,000 Polans paid $700 000 for their acquisition, and the fair value of noncontrolling interest was $ 175,000 At the date of acquisition, the lair value and book Value of Solar's identifiable assets and liabilities were equal At the end of the year, the separate companies reported the following balances ( Using the Implied Goodwill). Polan's Solar Current assets 5,787,003 1,258.009 Plant & equipment 15,299,321 3.487.388 Investment in Solar 780.000 Goodwill Current liabilities 3 633,000 950.654 Long-term debt 11 680 951 2 800 357 StockholdersEquity 6 400, 159 800 679% (Using the Implied Good will Calculate Consolidated Balances For Each Of The Accounts As Of December 31, 201 1