P 4-1 Calculations five years after acquisition Pea Corporation purchased 75 percent of the outstanding voting stock of Sen Corporation for $2,400,000 on January 1, 201 1. Sen's stockholders' equity on this date consisted of the following (in thousands): Capital stock, $10 par $1,000 Additional paid-in capital 600 Retained earnings December 31, 2010 800 Total stockholders equity The excess fair value of the net assets acquired was assigned 10 percent to undervalued inven- tory (sold in 2011), 40 percent to undervalued plant assets with a remaining useful life of eight years, and 50 percent to goodwill. Comparative trial balances of Pea Corporation and Sen Corporation at December 31, 2015, are as follows: Pen Sen Other assets-net $3,765 $2,600 Investment in Sen-75% 2,340 Expenses (including cost of sales) 3.185 601 Dividends 500 201 59.790 $3.400 Capital stock, $10 par $3.000 $1,000 Additional paid-in capital 850 600 Retained earnings 1,670 800 Sales 4.000 1.000 Income from Sen 270 59,790 $3.400 REQUIRED: Determine the amounts that would appear in the consolidated financial statements of Pea Corporation and Subsidiary for each of the following items. 1. Goodwill at December 31, 2015 2. Noncontrolling interest share for 2015 3. Consolidated retained earnings at December 31, 2014 4. Consolidated retained earnings at December 31, 2015 5. Consolidated net income for 2015 6. Noncontrolling interest at December 31, 2014 7. Noncontrolling interest at December 31, 2015