part 2 please ASAP

ACCT 405 Question 2: Paster Corporation was seeking to expand its customer base, and wanted to acquire a company in a market area it had not yet served. Paster determined that the Semma Company was already in the market they were pursuing and on January 1, 2013, purchased a 25% interest in Semma to assure access to Semma's customer base. Paster paid $800,000, at a time when the book value of Semma's net equity was $3,000,000. Semma's book values equaled their fair values except for the following items: egiste Es wet itated ion o Value HD Book Fair - Difference Value Inventories $150,000 $200,000 +50,- x 25.1 + 12500 Land 100,000 80,000 + 20, x25% + 5000 Building net 200,000 210,000 (1o, 25% - (10,-). Equipment-net 260,000 310,000 501 x 251 12500 Required: 1. Prepare a schedule to allocate any excess purchase cost to identifiable assets and goodwill cost of paster 25% invest in Semma 800, - less BV of Net Assets acquired. 7501- 25%.x3, - - of Net equity= Excess cost over book value Acquired = So, it 2- If Semma reported net income by $600,000 and dividend payment by $120,000. What is the value of investment in Semma that Paster Corporation has to report in its balance sheet as December 31, 2013? Fairvalue-Bv Intrest AMount Assid reol