On January 1, Patterson Corporation acquired 80 percent of the 100,000 outstanding voting shares of Sotlano, Inc. In exchange for $3125 per share cash. The remaining 20 percent of Sorlano's shares continued to trade for $30 both before and after Pattersor's acquisition. At January 1, Sortano's book and fair values were as follows: In addition, Patterson assigned a $600,000 value to centain unpatented technologles recently developed by Sortano. These technologies were estimated to have a three-year remaining tife During the year, Soriano declared a $30,000 dividend for its shareholders. The companles reponted the followng revenues and expenses from their separate operations for the year ending December 31 a. What amount should Patterson recognize as the total value of the acquisition in its January iconsolidated balance sheet? b. What valuation principle should Patterson use to report each of Sonano's identifiable assets and liabitities in its Jariary 1 consolidated balance sheet? d. How much goodwili resulted from Pottersors acquistion of Soriano? e. What is the consolldated net income for the year and what amounts are allocated to the controlling and noncontrolling interests? 1. What is the noncontroling interest amount reported in the December 31 consolidated balance sheet? 9. Assume instead that, bosed on its share prices, Sonlano's January 1 total falr value was assessed at $2.250.000 How would the feported amounts for Sorlano's net assets change on Patterson's acquistion date consolidated balance sheet