On intra-entity bonds. percent of Lisa Company, unmon January 1, 2013. Mona, Inc., acquired 80 the 60 of its preferred shares. Mona paid S65,000 in cash for lerred su k call value of 110 percent of the per share par value. The remaining 40 hares traded fair value. paid S552,800 for the common stock. A 44. ion date, the noncontrolling interest in the common stock had a fair value of value over book value was attributed to franchise cont of asset is being amortized over a 40ryear period. Lisa pays stock div 00 year on an annual basis. During 2013, Lia book value increased by S50 January 201 Mona acquired one-half of Lisa's outstanding reduce the business combination's debt position. Lisa's bonds had valu and paid cash interest percent per year. These bonds had been issued 14 percent. Interest is paid each December 31. On January 2, 2013 thto the total $88.350 Mona S53,310, indicating an effective interest rate of On January 3, 2013. Mona sold Lisa fixed assets that had originally cost $100 per accumulated depreciation of S60,000 when transferred. The transfer was made S120,000. These assets were estimated to have a remaining useful life of 10 at a prict a The individual financial statements for these two companies for the December 31, 2014, are as follows: Mona, Inc. Lisa Co Sales and other revenues. (500,000) (200 220.000 Expenses 12000 Dividend income-Lisa common stock (8,000) Dividend income Lisa preferred stock. (4,800) Net income S (292.800) (80 00 Retained earnings, 1/1/14 700,000) (50000) Net income (above) (292,800) Dividends declared-common stock. 92,800 10,000 Dividends declared preferred stock 8,000 Retained earnings, 12/31/14 (900,000) (562,000 (continue