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Parrot Co . acquired 7 5 % of the common stock of Sun Corp. for $ 1 , 8 0 0 , 0 0 0

Parrot Co

.

acquired

75 %

of the common stock of Sun Corp. for $

1, 800, 000 .

The following facts applied:

Parrot paid a control premium.

The fair value of Sun

s net assets was $

2, 000, 000 .

The acquisition generated goodwill of $

350, 000 .

How much of the goodwill should be allocated to Parrot?

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