OnJanuary 1, 2011. Paisley Incorporated paid $300.000 for 60% of SmamiaCompany's outstanding capital stock. Smarnia reported common stock onthat date of $250.000 and retained earnings of $100.000. Plant assets, which had a five year remaininglife, were undervalued in Smarnia's financial records by 510.000. Smarnia alshad a patent that was not on the books, but had a market value of 560.000. Thepatent has a remaining useful life of 10 years. Any remaining for value/bookvalue differential is allocated to goodwill. Smarnia's net income and dividendspaid the first three years that Paisley owned them are shown below. Net Dividends Income Paid 2011 80.000 30.000 2012 90.000 10.000 2013 60.000 20.000 TheyUse Acquisition Methods & Implied Goodwill & Equity Mehtod For Investment Account Base on this case please answer the following Questions 1. Calculate the Equity income for the noncontrolling interest for Year 2011 (2 points) 0 Final Dam Summer Term 50 Point Page 1 of 2 https://forms.office.com/Pages/ResponsePage.aspx?id=Ks62XUVNEFekmoyqdSTWw_wrbhinj2GimNdKBVURTFHOUSHOTHWMUPKRJUORDERTUS 2. Calculate the Equity Income for the noncontrolling interest for Year 2012 (2 points) 0 3. Calculate the Equity Income for the noncontrolling interest for Year 2013 (3 Points) 0 4. In regarding to the noncontrolling interest, Calculate thier Equity Increase for 3 years periods. (3 Points) 0 Calculate The Ending Balance in The Investment in Smarnia Account By the end of year 2011 (2 points) 6. Calculate The Ending Balance In The Investment In Smarnia Account By the end of year 2012 (2 points) 0 7. In regarding to the investment Account Calculate thier Equity Increase for 3 years periods (2 points) 0 w 8. Calculate the rate of return for 2nd year investment * (2 Points) 9. Calculate the Excessof fair value over book value relted to this case. (3 Points) e points) 0 10. Calculate the Implied Goodwill Related to this case (3 Points) I 0 Next Page 1 of 2 This content is created by the owner of the form. The data you submit will be sent to the form owner, Microsoft is ne privacy or security practices of its customers, including those of this form owner. Never give out your password