On January 1, 2014, Punch Corporation purchased 80% of the common slock of Soopy Co. Separate balance sheet data for the companies at the acquisition date(after the acquisition) are given below: Soo $206,000 Eunch $000 144000 132.000 Cash Accounts Receivable 26,000 38,000 Inventory Land Plant assets Accum. Depreciation Investment in Soopy 68,000 700000 240000 292.000 S1230000 32,000 300,000 (60,000 .000 Total assets s2.000 300,000 s206000 800,000 Accounts payable Capital stock Retained eamings Total liabilities & equities 200.000 SS2000 224000 1230000 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. 9) What amount of Inventory will be reported? A) S170,000 B) $169,000 C) $186,500 D) S192,000 10) What amount of Goodwill will be reported? A) $54,400 B) $68,000 C) $72,000 D) $90,000 1) What is the reported amount for the noncontrolling interest? A) $80,000 B) $84,400 C) $98,000 D) S122,500 12) What is the amount of consolidated Retained Eamings? A) $224,000 B) $259,200 C) $304,000 D) $324,000 13) What is the amount of total assets? A) S1,380,000 B) S1,402,000 c) S1,470,000 D) $1,875,000