PROBLEM II / 20 POINTS @ 5 EACH On January 1, 20x8, Bristol Company acquired $210,000 cash. At that date, Ani WAO, Bristol Company acquired 60 percent of Animation Company's common stock for cash. At that date, Animation reported common stock outstanding of $200,000 and retained nings of $100,000, and the fair value of the noncontrolling interest was $140,000. The book value. u fair values of Animation's assets and liabilities were equal, except for other intangible assets which had a fair value $50,000 greater than book value and an 8-year remaining life. Animation reported the following data for 20X8 and 2009: Animation Corporation Year 20X8 20x9 Net Income $25,000 35,000 Comprehensive Income $30,000 45,000 Dividends Paid $5,000 10,000 Bristol reported net income of $100,000 and paid dividends of $30,000 for both the years. REQUIRED: (Show All Computations) A. What is the amount of OCI reported on the books of Animation for: a. X8 b. X9 B. What is the amount of OCl reported on the book of Bristol Company for: a. X8 b. X9 C. What is the amount of OCI Reported on the consolidated Balance sheet of Bristol for: a. X8 b. X9 D. Discuss (describe) how OCI is included on a consolidation worksheet. Be clear and thorough. PROBLEM II / 20 POINTS @ 5 EACH On January 1, 20x8, Bristol Company acquired $210,000 cash. At that date, Ani WAO, Bristol Company acquired 60 percent of Animation Company's common stock for cash. At that date, Animation reported common stock outstanding of $200,000 and retained nings of $100,000, and the fair value of the noncontrolling interest was $140,000. The book value. u fair values of Animation's assets and liabilities were equal, except for other intangible assets which had a fair value $50,000 greater than book value and an 8-year remaining life. Animation reported the following data for 20X8 and 2009: Animation Corporation Year 20X8 20x9 Net Income $25,000 35,000 Comprehensive Income $30,000 45,000 Dividends Paid $5,000 10,000 Bristol reported net income of $100,000 and paid dividends of $30,000 for both the years. REQUIRED: (Show All Computations) A. What is the amount of OCI reported on the books of Animation for: a. X8 b. X9 B. What is the amount of OCl reported on the book of Bristol Company for: a. X8 b. X9 C. What is the amount of OCI Reported on the consolidated Balance sheet of Bristol for: a. X8 b. X9 D. Discuss (describe) how OCI is included on a consolidation worksheet. Be clear and thorough