Patterson Company Patterson Company acquired 90% of Starr Corporation on January 1, 2011 for $2,250,000. Starr had net assets at that time with a fair value of $2,500,000. At the time of the acquisition, Patterson computed the annual excess fair- value amortization to be $20,000, based on the difference between Starr's net book value and net fair value. Assume the fair value exceeds the book value, and $20,000 pertains to the whole company. Separate from any earnings from Starr, Patterson reported net income in 2011 and 2012 of $550,000 and $575,000, respectively. Starr reported the following net income and dividend payments( Using the Full Equity Mehtods For Investmet). 2011 2012 Net Income $150,000 $180,000 Dividends $30,000 $30,000 11. Calculate thier Equity income for yerar 2011 (3 Points) Enter your answer 19. Calculate thier rate of return for Year 2012 (3 Points) Enter your answer 20. For the Noncontrolling Interest share, how much thier equity increase for the year 2011 and 2012 (3 Points) Enter your answer Send me an email receipt of my responses Dool Submit