On Jan.1, 2020 Door Company acquired 80% of Floor Company for $400,000, at the date of acquisition fair value of noncontrolling interest was $100,000 while book value of net assets of Floor company was $420,000 (CS: $300,000 and RE: $120,000) the difference is attributed to: - Land \$25,000 - Equipment $45,000 with remaining useful life of 5 years - Any remaining difference is attributed to goodwill At end of 2020 and 2021 both companies reported income and dividends as following