Plant Company acquired of the common stock of Star Company January 1, year one, for The consideration given was proportional to Star's fair value. On that date, Star had the following trial balance: account Additional paid in capital debit credit $100,000 Building (12-year life) $250,000 Common stock 170,000 Current assets 170,000 ect Equipment (6-yr life) 160,000 Land 110,000 Liabilities (due in 4 years) 300,000 Retained earnings 1/year 1 120,000 Totals $690,000 $690,000 During year one, Star reported net income of During year one, Star paid dividends of During year two, Star reported net income of During year two, Star paid dividends of On January 1, year one, fair values of certain Star's account were: Land Building Equipment $122,000 $265,000 $172,000 There was no impairment of any goodwill arising from the acquisition. 75% $450,000 $50,000 $30,000 $80,000 $40,000