Park Company purchased 90% of the stock of Salt Company on January 1, 2014, for $465,000, an amount equal to $15,000 in excess of the book value of equity acquired......

Although I found the answer, Can you help me solve for amount 11,000, so that I can solve for non-controlling interest, please?

EXERCISE 4-2 Workpaper Eliminating Entries, Cost Method LO Park Company purchased 90% of the stock of Salt Company on January 1, 2014, for $465,000, an amount equal to $15,000 in excess of the book value of equity acquired. This excess payment relates to an undervaluation of Salt Company's land. On the date of purchase. Salt Company's retained earnings balance was $50,000. The remainder of the stockholders' equity consists of no-par common stock. During 2018. Salt Company declared dividends in the amount of $10,000, and reported net income of $40.000. The retained earnings balance of Salt Company on December 31, 2017, was $160,000. Park Company uses the cost method to record its investment. Required: Prepare in general journal form the workpaper entries that would be made in the preparation of a consolidated statements workpaper on December 31, 2018. 1 Computation and Allocation of difference between implied and book value Acquired 2 Particulars Parent Share Non-controlling share Entire value 3 Purchase price and implied value 465000 51667 516667 4 Less: book value of equity acquired 450000 50000 500000 5 Difference (implied and book value) =B3-B4 =C3-C4 =D3-D4 6 Allocated to undervalued land |-15000 -1667 |-16667 7 Balance =B5+B6 =C5+C6 =D5+D6 8 9 Equity acquired by the parent company 450000 10 Equity acquired for the whole company 500000 11 Common stock -450000 12 Retained Earnings (Given) 50000 13 Journal entries Debit Credit =0.9*(160000-50000) =B16 =10000*0.9 14 15 Account Titles 16 Investment in Salt company 17 Retained Earnings 18 19 Dividend Income 20 Dividends Declared 21 22 Common Stock 23 Retained Earnings 24 Land 25 Investment 26 Non-controlling Interest =B19 =465000-15000 160000 16667 =465000+99000 =51667+11000