On January 1, 2011, Punch Corporation purchased 80% of the common stock of Soopy Co. Separate balance sheet data for the companies at the acquisition date(after the acquisition) are given below: Punch Soopy $34,000 $206,000 26,000 Cash Accounts Receivable Inventory Land Plant assets Accum. Depreciation Investment in Soopy Total assets 44,000 132,000 68,000 38,000 700,000 300,000 32,000 (240,000) (60,000) 392,000 S1230,000 $542,000 Accounts payable Capital stock Retained earnings Total liabilities & equities $1230,000 S542,000 $206,000 $142,000 800,000 300,000 224000 100.000 At the date of the acquisition, the book values of Soopy's net assets were equal to the fair value except for Soopy's inventory, which had a fair value of $60,000. Determine below what the consolidated balance would be for each of the requested accounts. 13) What amount of Inventory will be reported? A) S170,000 B) S186,500 C)$169,000 D) $192,000 14) What amount of Goodwill will be reported? A) $72,000 B) $68,000 C) $54,400 D) $90,000 15) What amount of total liabilities will be reported? A) S348,000 B) $206,000 C) S319,600 D) $278,400 16) What is the reported amount for the noncontrolling interest? A) $80,000 B) $84,400 C) S122,500 D) $98,000 17) What is the amount of consolidated Retained Earnings? A) $324,000 B) $304,000 C) $259,200 D) $224,000