On January 1, year A, Perfict Corporation acquired 80 percent of Straingers Corporation for $275,000 cash. On 1/1/A, S reported common stock outstanding of $220,000 and retained earnings of $90,000, and the fair value of the noncontrolling interest was $xxx (I dont remember). As of 1/1/A S Co. owed P Co. $51,250. S held land with a book value of $70,000 but a market value of $75,000, and equipment with a book value of $45,000 and a market value of $65,000 at the date of combination. Any differential remaining at acquisition was not attributable to a specific asset or liability. All depreciable assets held by S at the date of acquisition had a remaining economic life of 10 years. S reported net income of $40,000 and dividends of $22,000 for year A. P uses the equity method in accounting for its investment in S. P had $320k in Net Income and declared $80k in dividends in year A. Provide the following (workspace is available on the following page):

a. Ps differential____________

b. total Goodwill (use algebraic method)____________

c. Ps Intercompany Investment Income for year A____________

d. Ps separate income for year A____________

e. Ps balance in Investment in S Corp., 12/31/A____________

f. Total Consolidated Net Income, year A____________

g. Minority Interest in S Income, year A____________

h. Ps share of Consolidated Net Income, year A____________

i. Total Noncontrolling Interest reported on the 12/31/A Consolidated Balance Sheet_________