O out od 2.09 P Patuestion Recognition upon initial consolidation of a variable interest entity (VIE) when Vis is a business Assume that prior to january 1, 2019, a Reporting Company owned a 15 percent interest in a Legal Entity. The Reporting Company acquired its 15 percent ownership interest in the Legal Entity on June 15, 1998 for $45.000, and correctly accounted for this investment under the cost method (ie, it was a passive investment and it was not marketable on January 1, 2019. the Reporting Company purchased an additional 30 percent interest in the Legal Entity for $180,000. As a result of an evaluation of the facts and circumstances on January 1, 2019, the Reporting Entity determined that the Legal Entity is a variable interest entity (VIE) and that the Reporting Company is the primary beneficiary of the VIE The Reporting Company also determined that, on January 1, 2019. the for value of the previously held 15 percent interest is $90,000. In addition, independent appraisals revealed that the fair value of the noncontrolling intereste,the 55 percent not owned by the Reporting Company is $330,000. On January 1, 2019, the Legal Entity has reported book values for its identifiable net assets equal to $399,000 and fair values for its identifiable net assets equal to $570,000 Assume that the Legal Entity is a business.- as that term is defined in FASB ASC 805 (Business Combinations"). Related to the initial consolidation of the Legal Entry on January 1, 2019, determine the following amounts Note: Use a negative sign with your answer in part b, to indicate a loss on initial consolidation of Legal Entity, if applicable Account Amount Goodwill 30.000 Gain tosson comodation of Ety 30.500 Che