Problem Company owns 90 percent of Solution Dairy's stock. The balance sheets of the two companies immediately after the Solution acquisition showed the following amounts Problem Company Solution Dairy AssetS Cash & Receivables Inventory Land Buildings& Equipment (net) Investment in Solution Dairy Total Assets $149,000 228,000 76,000 399,000 265,500 $1,117,500 $ 89,000 109,000 57,000 222,000 $477,000 Liabilities & Stockholders' Equity Current Payables Long-Term Liabilities Common Stock Retained Earnings Total Liabilities & Stockholders' Equity $ 67,000 292,500 384,000 374,000 $1,117,500 39,000 163,000 67,000 208,000 477,000 The fair value of the noncontrolling interest at the date of acquisition was determined to be $29,500. The full amount of the increase over book value is assigned to land held by Solution. At the date of acquisition, Solution owed Problem $13,000 plus $1,400 accrued interest. Solution had recorded the accrued interest, but Problem had not