Penny Corporation acquired 85% of Sawyer Companys common stock for $216,000 in cash on January 1, 2020. At that date, Sawyer had $157,000 of reported net assets (book value). These reported net assets were fairly stated, except land was overvalued by $13,000, unrecorded licensing agreements were valued at $26,000 and unrecorded favorable location was valued at $12,000. The estimated fair value of the noncontrolling interest is $32,000 at the acquisition date.Calculate total goodwill and its allocation to the controlling and noncontrolling interests. You must show your work to receive credit.