3. On June 30th, 2018 Parker, Inc. acquires 80% of Sawyer Company for $800,000. The remaining 20% of Sawyers outstanding shares continue to trade at a collective value of $200,000. On the acquisition date, Sawyer has the following accounts:

Book Value Fair Value

Current Assets $210,000 $210,000

Land 170,000 250,000

Buildings 300,000 450,000

Patent -0- 120,000

Liabilities (280,000) (280,000)

The buildings have a 10-year life and the patent has a 6-year life. Parker reported Net Income for 2018 of $530,000 (excluding any income from Sawyer), and Sawyer separately reported Net Income of $175,000. Sawyer paid dividends for the year of $60,000. You can assume that Sawyers Net Income and Dividends were earned and paid ratably throughout the year.

a. Balance of the Non-controlling Interest at the end of the year

b. Balance of the Patent account at the end of the year.