Need to goodwill value and noncontrolling interest

Plaza, Inc., acquires 80 percent of the outstanding common stock of Stanford Corporation on January 1, 2018, in exchange for 1,117,800 cash. At the acquisition date, Stanford's total fair value, including the noncontrolling interest, was assessed at $1,397,250 Also at the acquisition date, Stanford's book value was $620,900. Several individual items on Stanford's financial records had fair values that differed from their book values as follows: Book Value Fair Value Tradenames (indefinite life) Property and equipment (net, 8-year $ 322,000 442,600 remaining life) Patent (14-year remaining life) 256,800 142,000 276, 800 181,200 For internal reporting purposes, Plaza, Inc., employs the equity method to account for this investment. The following account balances are for the year ending December 31, 2018, for both companies. Plaza Stanford Revenues Cost of goods sold Depreciation expense Amortization expense Equity in incone of Stanford (932,600) (815,900) 354,400 2,100 25,100 515, 600 218,600 Net incone (517,600) (404,300) Retained earning, 1/1/18 et incone $ (1,141,700) (474,000 404,300) 268,70025,000 $(1,390, 600) (853,300) (517,600) Dividends declared Retained earnings, 12/31/18 Current assets Inveetment in Stanford Tradenames Property and equipment (net) Patent 770,100 1,417,000 214,900 922, 300 386,600 322, 000 224, 700 116,900 3,324,3001,050, 200 Total assets Accounts payable Common stock Additional paid-in capital Retained earnings (above) $ (127,200) (50,000) (84,000) (62,900) 4,390, 600L-- 1853, 300) $(3,324,300) $1,050, 200) (268,700) (1,537,800) Total 1iabilities and equities