On January 1, 2019, Husky acquired 80% of Cougar for $4,000,000 in cash and stock. The price paid for the 80% ownership interest was proportionately representative of the fair value of all of Cougar's shares.

At the acquisition date, Cougar's book value was $3,800,000. The recorded assets and liabilities had fair values equal to their book values except that Cougar's building with a 10-year remaining life had a book value of $500,000 and a fair value of $1,000,000. Also, on the acquisition date, Cougar held patents with a 5-year remaining life and a fair value of $500,000 that were not recorded on its books. Any remaining excess fair value was attributed to Goodwill.

For 2019 and 2020, Husky and Cougar reported the following amounts of Net Income and Dividends:

	Husky Corporation		Cougar Company
	Net Income	Dividend	Net Income	Dividend
2019	$750,000	$225,000	$200,000	$40,000
2020	$800,000	$250,000	$250,000	$50,000

1. Prepare the Fair Value analysis of this acquisition, including the calculation of Goodwill and any required amortization, as of January 1, 2019.

2. Compute the December 31, 2020 value of Cougar's building and patents

3. Compute Consolidated Net Income for 2020, and show the amounts that would be allocated to the Controlling and Noncontrolling Interest

4. Compute the value of the Noncontrolling interest at December 31, 2020.

Please help!Thanks!