Please see attachment.

McGuire company acquired 90 percent of Hogan Company on January 1, 2010, for $234,000 cash. This amount is reective of Hogan's total fair value. Hogan's stockholders' equity consisted of common stock of $160,000 and retained earnings of $80,000. An analysis of Hogan's net assets revealed the following: Book Value Fair Value Buildings (10 ' year life) 310.000 $ 8.000 Equipment (4-year life) 14.000 18.000 Land 5.000 12,000 Any excess consideration transferred over fair value is attributable to an unamortized patent with a useful life of 5 years. 44. In consolidation at December 31, 2011, what adjustment is necessary for Hogan's Buildings account? A. $1,440 increase. B. $1,440 decrease. C. $1,600 increase. D. $1,600 decrease. E. No adjustment is necessary. 46. In consolidation at December 31, 2011, what adjustment is necessary for Hogan's Equipment account? A. $2,000 increase. B. $2,000 decrease. C. $1,800 increase. D. $1,800 decrease. E. No adjustment is necessary. 52. In consolidation at December 31, 2011, what net adjustment is necessary for Hogan's Patent account? A. $4,200. B. $5,500. c. 8,8000. D. $6,600. E. No adjustment is necessary