on January 1, 2011, A company acquired 80% interest in B company for $425,000. The acquired fair value of the 20% non-controlling interest's ownership shares was $104,500. Also, as of that date, B company reported a total shareholders equity of $400,000; $100,000 in common stock and $300,000 in retained earnings. In setting the acquisition price, A company appraised four accounts at values different from the balances reported within B's financial records.