On January 1, 2014, Petunia Company bought an 85% interest in the capital stock of Sunflower Company for $3,400 (Cash + Shares of Petunia Company). Petunia Company uses the equity method to record its investment in Sunflower Company. The plant is undervalued by $700 (7 year remaining life) and the equipment is overvalued by 200 (10 year remaining life) on January 1, 2014. Balance sheet for the Petunia and Sunflower at acquisition are included on the December 31, Consolidation worksheets below. Required: Answer all the questions below.

1. What is the total fair value of Sunflower at acquisition?

2. What is the goodwill of Sunflower at acquisition?

3. What is the amount of non-controlling interest reported at acquisition on the January 1, 2014 balance sheet?