On January 1, 2015, P Corporation acquired 70 percent of Sea-Gull Company's common stock for $150,000 cash. Data from the balance sheets of the two companies included the following amounts as of the date of acquisition: P Cor S Cor Cash 160,000 80,000 100,000 10,000 220,000 100,000 150,000 $620,000 30,000 10,000 30,000 30,000 190,000 20,000 0 270,000 Invento Goodwill PP&E Investment in sub Total Assets Bonds Pavable Common Stock Retained Earnings Total Liabilities & 180,000 90,000 100,000 250,000 25,000 70,000 45,000 130,000 uI 620,000 270,000 At the date of the business combination, the book values of S Corp's net assets and liabilities approximated fair value except for inventory, which had a fair value of $45,000, and PP&E, which had a fair value of $200,000 and remaining life of 10 years. During the first year of operations after acquisition, PCORP had operating income of $55,000 and S Corp reported NI of 30,000. . What is the value of NCI at acquisition date? . What is the differential at acquisition? Is there any goodwill? . What Consolidated NI will be reported on y/e 2015? . What is the ending value of the investment in sub and NCI at y/e 2015