On January 3, 2020, Parvin Company acquired 80 percent of Sarah Corporation for $350,000 in cash. At the acquisition date, the book values and fair values of Sarah's assets and liabilities were equal, and the fair value of the non-controlling interest was equal to 20 percent of the total book value of Sarah. The stockholders' equity accounts of the two companies at the acquisition date are: Common Stock ($5 par Value) Additional Paid-In Capital Retained Earnings Total Stockholders' Equity PARVIN $500,000 300,000 350,000 $1.150.000 SARAH $200,000 80,000 150.000 $430,000 Non-controlling interest was assigned income of $11,000 in Parvin's consolidated income statement for 2020. 1. Based on the preceding information, what amount will be assigned to the non-controlling interest on January 3, 2020, in the consolidated balance sheet? (4 points) 2. Based on the preceding information, what is the total stockholders' equity in the consolidated balance sheet as of January 3, 2020? (4 points). 3. Based on the preceding information, what will be the amount of net income reported by Sarah Corporation in 2020? (4 points)