Power Corporation acquired 75 percent of Best Company's ownership on January 1, 20X8, for $99,000. At that date, the fair value of the noncontrolling interest was $33,000. The book value of Best's net assets at acquisition was $94,000. The book values and fair values of Best's assets and liabilities were equal, except for Best's buildings and equipment, which were worth $18,800 more than book value. Accumulated depreciation on the buildings and equipment was $27,000 on the acquisition date.Buildings and equipment are depreciated on a 10-year basis Although goodwill is not amortized, the management of Power concluded at December 31, 20X8, that goodwill from its purchase of Best shares had been impaired and the correct carrying amount was $3,400 Goodwil and goodwill impairment were assigned proportionately to the controlling and noncontrolling shareholders Trial balance data for Power and Best on December 31, 20X8, are as follows: Power Corporation Best Company Credit Item Cash Accounts Receivable Inventory Debit Credit Debit $ 49,500 85,000 105,000 46,000 365,000 103,290 124,000 35,000 21,000 8,000 9,500 33,000 $ 26,000 17,000 30,000 20,000 151,000 Buildings and Equipment Investment in Best Co. Stock Cost of Goods Sold Wage Expense Depreciation Expense Interest Expense Other Expenses Dividends Declared Accumulated Depreciation Accounts Payable Wages Payable Notes Payable Common Stock 109,000 24,000 9,000 3,000 4,000 16,600 $126,000 40,000 7,000 235,550 197,000 99,000 263,000 16,740 $ 36,000 6,000 2,000 82,600 60,000 34,000 189,000 etained Earnings Sales Income from Subsidiary $ 984,290 $ 984,290 $ 409,600 $ 409,600