Need Solution!!!

Mickelson Company acquired an 80% interest in Footjoy on January 1 Year 1 for $1,200,000. The book value of Footjoy's identifiable net assets at that date was $900,000. One depreciable asset (1o-year life) had a fair value that exceeded its book value by $100,000. Footjoy reported $60,ooo of net income in Year 1 and paid $40,000 in dividends. What was the noncontrolling interest in net assets as of the date of acquisition, January 1, Year 1? a. $300,000 b. $240,000 c.$0 d. $180,000 Mickelson Company acquired an 80% interest in Footjoy on January 1 Year 1 for $1,200,000. The book value of Footjoy's identifiable net assets at that date was $900,000. One depreciable asset (1o-year life) had a fair value that exceeded its book value by $100,000. Footjoy reported $60,ooo of net income in Year 1 and paid $40,000 in dividends. What was the noncontrolling interest in net assets as of the date of acquisition, January 1, Year 1? a. $300,000 b. $240,000 c.$0 d. $180,000