On January 1, 2014, 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

Cash $34,000 $206,000

Accounts Receivable 144,000 26,000

Inventory 132,000 38,000

Land 68,000 32,000

Plant assets 700,000 300,000

Accum. Depreciation (240,000) (60,000)

Investment in Soopy 392,000

Total assets $ 1,230,000 $ 542,000

Accounts payable $206,000 $142,000

Capital stock 800,000 300,000

Retained earnings 224,000 100,000

Total liabilities & equities $ 1,230,000 $ 542,000

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 $70,000.

Determine below what the consolidated balance would be for each of the requested accounts.

1) What amount of Inventory will be reported?

2) What amount of Goodwill will be reported?

3) What amount of total liabilities will be reported?

4) What is the reported amount for the noncontrolling interest?

5) What is the amount of consolidated Retained Earnings?

6) What is the amount of total assets?