Please, Use The Implied Fair Market Value That .We Discuss In Class For Q1 To Q4 01. On January 1, 2019, Pinned Incorporated paid $299,895 for an 80% interest in Shalle Company. At that time. Sulle's total book value was $289,887. Patents were undervalued in the amount of $9.982. Paterhada 5 year remaining useful life, and any remaining excess value was attributed to goodwill. The income statements for the year ended December 31, 2019 of Pitead and Shalle are summarized below: Pinnead Shalle Sales $800,000 $300,000 Income from Shalle 178.400 Cost of sales (100.000) (100,000) Depreciation 70.000) (30,000) Other Expenses 30,000 (70.000) Net Income $98.400 $100,000 1 Calculate Total excess fair value over book * value allocated (4 ) ! 2 Calculate the goodwill that will appear in the consolidated balance sheet of Pinnead and * Subsidiary at December 31, 2019 (4 ) ! " consolidated balance sheet of Pinnead and * Subsidiary at December 31, 2019 (4 ) *. Calculate consolidated net income for 2019 (4 ) 4 Calculate the noncontrolling interest share for * 2019 (4 ) Please, Use The Implied Fair Market Value That .We Discuss In Class For Q1 To Q4 01. On January 1, 2019, Pinned Incorporated paid $299,895 for an 80% interest in Shalle Company. At that time. Sulle's total book value was $289,887. Patents were undervalued in the amount of $9.982. Paterhada 5 year remaining useful life, and any remaining excess value was attributed to goodwill. The income statements for the year ended December 31, 2019 of Pitead and Shalle are summarized below: Pinnead Shalle Sales $800,000 $300,000 Income from Shalle 178.400 Cost of sales (100.000) (100,000) Depreciation 70.000) (30,000) Other Expenses 30,000 (70.000) Net Income $98.400 $100,000 1 Calculate Total excess fair value over book * value allocated (4 ) ! 2 Calculate the goodwill that will appear in the consolidated balance sheet of Pinnead and * Subsidiary at December 31, 2019 (4 ) ! " consolidated balance sheet of Pinnead and * Subsidiary at December 31, 2019 (4 ) *. Calculate consolidated net income for 2019 (4 ) 4 Calculate the noncontrolling interest share for * 2019 (4 )