Perch Co. acquired 80% ofthe common stock of Float Corp. for $1,600,000. The fair value of Float's net assets was $1,850,000, and the book value was $1,500,000. The noncontrolling interest shres of Float Corp. are not ctively traded. 3) What is the dollar amount of Float Corp. 's net assets that would be represented in a consolidated balance sheet prepared at the date of acquisition? i-- A) $1,200,000.I B) S1,480,000. C) $1,850,000.I D) $1,780,000. E) $1,600,000.I 4) What is the dollar amount of noncontrolling interest that should appear in a consolidated balance sheet prepared at the date of acquisition? A) $400,000 B) S350,000. C) SO D) $300,000: L. 7 E) S30,000