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Paisley Incorporated Onlaruary 1, 2011. Paisley Incorporated paid $300,000 for 60% of Smaniacompany's outstanding capital stock. Smarria reported common stock onthat date of $250,000 and retained earnings of $100.000 plant assets, which had a five-year remainingite, were undervalued in Samia's financial records by $10.000 Smarnia obohad a patent that was not on the books but had a market value of $60,000. Thepatent has a remaining useful life of 10 years. Any remaining fair valuw/bookvaluer differential is allocated to goodwill. Smanis's net income and dividendspaid the first three years that Paisley owned them are shown below Net Dividends Income Baid 2011 80,000 30,000 2012 90,000 10.000 2013 60.000 20.000 They Use Acquisition Methods & Implied Goodwill & Equity Metod For Investment Account Base on this case please answer the following Questions Paisley Incorporated Onlaruary 1, 2011. Paisley Incorporated paid $300,000 for 60% of Smaniacompany's outstanding capital stock. Smarria reported common stock onthat date of $250,000 and retained earnings of $100.000 plant assets, which had a five-year remainingite, were undervalued in Samia's financial records by $10.000 Smarnia obohad a patent that was not on the books but had a market value of $60,000. Thepatent has a remaining useful life of 10 years. Any remaining fair valuw/bookvaluer differential is allocated to goodwill. Smanis's net income and dividendspaid the first three years that Paisley owned them are shown below Net Dividends Income Baid 2011 80,000 30,000 2012 90,000 10.000 2013 60.000 20.000 They Use Acquisition Methods & Implied Goodwill & Equity Metod For Investment Account Base on this case please answer the following Questions