Pesto Corporation acquired 65 percent of Sauce Corporation's common stock on January 1, 20X7, for 5279,500 in cash. At the acquisition date, the book values and fair values of Sauce's assets and hablities were equal, and the fair value of the noncontrolling interest was equal to 35 percent of the total book value of Sauce. The stockholders' equaly accounts of the two companies at the date of purchase are Required: a. What amount will be assigned to the noncontrolling interest on January 1, 20X7, in the consolidated balance sheet? b. Prepare the stockholders' equity section of Pesto and Sauce's consolidated balance sheet as of January 1,20X7. Required: What amount will be assigned to the noncontroling interest on January 1,207, in the consolidated balance sheet? b. Prepare the stockholders' equity section of Pesto and Sauce's consolidated balance sheet as of January 1,20X7