Pear Corporation acquired 75 percent ownership of Sugar Company on January 1, 20X1, at underlying book value. At that date, the fair value of the noncontrolling interest was equal to 25 percent of the book value of Sugar Company. Consolidated balance sheets at January 1, 20X3, and December 31, 20X3, are as follows: Jan. 1, 20X3 Dec. 31, 20x3 Item Assets Cash Accounts Receivable Inventory Land Buildings & Equipment Less: Accumulated Depreciation Patents $ 79,500 89,000 117,000 49,000 519,000 (180,500) 10,000 683,000 $111,500 104,000 125,000 59,000 554,000 (217,000) 9.000 Total Assets $745,500 Liabilities and Owners Equity Accounts Payable Wages Payable Notes Pavable Common Stock ($10 par value) Retained Earnings Noncontrolling Interest $ 55, 000 22,000 231,000 147,000 204,000 24,000 683,000 $ 60,000 16,000 246,000 147,000 248,500 28,000 $745,500 Total Liabilities and Owners' Equity