On January 1, Patterson Corporation acquired 80 percent of the 100,000 outstanding voting shares of Soriano, Incorporated, in exchange for $31,25 per share cash. The remaining 20 percent of Soriano's shares continued to trade for $30 both before and after Patterson's accutisition. At January 1, Soriano's book and fair values were as follows: In addition, Patterson assigned a $600,000 value to certain unpatented technologles recently developed by Soriano. These technologies were estimated to have a three-year remaining life: During the yest, Sortano dectared a $30,000 dividend for its shareholders. The companies reported the following revenues and expensis from their separate operations for the year ending December 31 . Required: a. What amount should Potterson recognixe as the total value of the acquisition in its January 1 consolidated balance sheet? b. What valuation principle should Patterson use to report each of Soriano's identifiable assets and liabilites in its January 1 consolidated bolance sheet? d. How much goodwil resulted from Patterson's ecquisition of Soriano? e. What is the consolidated net income for the year and what amounts are allocated to the controlling and noncontrolling interests? t. What is the noncontrolling interest amount reported in the December 31 consolidated balance sheet? 9. Assume instead that, bosed on its share prices, Soriano's January 1 total foir volue was assessed at $2,250,000. How would the reported amounts for Soriano's net assets change on Patterson's acquisition-date consolidated batance sheet