Problem 6-16 (LO 6-4) 16 On January 1, Tesco Company spent a total of $4,866,000 to acquire control over Blondel Company. This price was based on paying $465,000 for 20 percent of Blondel's preferred stock and $4,401,000 for 90 percent of its outstanding common stock. At the acquisition date, the fair value of the 10 percent noncontrolling interest in Blondel's common stock was $489,000. The fair value of the 80 percent of Blondel's preferred shares not owned by Tesco was $1,860,000. Blondel's stockholders' equity accounts at January 1 were as follows: points Preferred stock-9%, $100 par value, cumulative and $1,000,000 Common stock-$50 par value; 40, 000 shares outstanding 2,000,000 3,930,000 $6,930,000 participating; 10,000 shares outstanding Print Retained earnings Total stockholders' equity References Tesco believes that all of Blondel's accounts approximate their fair values within the company's financial statements. What amount of consolidated goodwill should be recognized? Multiple Choice $246,500 $465,000. 750,000 $285,000