Peace Corporation acquired 75 percent of the ownership of Symbol Company on January 1, 20X1. The fair value of the noncontrolling interest at acquisition was equal to its proportionate share of the fair value of the net assets of Symbol. The full amount of the differential at acquisition was attributable to buildings and equipment, which had a remaining useful life of eight years. Financial statement data for the two companies and the consolidated entity at December 31, 20X6, are as follows: PEACE CORPORATION AND SYMBOL COMPANY Balance Sheet Data December 31, 20x6 Peace Corporation Symbol Company Consolidated Entity Item Assets Cash Accounts Receivable Inventory Buildings & Equipment Less: Accumulated Depreciation Investment in Symbol Company Total Assets $67,000 $ 55,000 69,000 101,000 210,000 $122,000 143,000 215,000 700,000 121,000 420,000 (182,000) (113,000) 322,000 Liabilities & Equity Accounts Payable 0ther Payables Notes Payable Common Stock Retained Earnings Noncontrolling Interest $83,000 $ 23,000 3,000 121,000 62,000 113,000 $87,000 251,000 121,000 174,500 372,000 121,000 174,500 45,500 Total Liabilities &Equity 322,000