pig Corporation paid $1,2/4,000 cash for 70 percent of the common stock of Set Corporation june 1, 2011. The assets and liabilities of Set were fairly valued, and any fair value/book value erential is goodwill. Data related to the stockholders" equity of Set are as follows: Stockholders Equity December 31, 2010 Common stock, $10 par Retained earnings Total stockholders' equity 51.480 (MM) Income and Dividends-2011 Net income (earned evenly throughout the year $ 240,000 Dividends (declared and paid in equal amounts in January. April, July. and Octobert REQUIRED 1. Determine the following: a. Goodwill from the investment in Set b. Pig's income from Set for 2011 c. The Investment in Set account balance at December 31, 2011 2. Prepare the work paper entries needed to consolidate the financial statements for 2011. Add the reacquisition income to Retained Earnings-Set