Purple Corporation acquired 75 percent of Socks Corporations common stock on January 1, 20X8, for $435,000. At that date, Socks reported common stock outstanding of $300,000 and retained earnings of $200,000, and the fair value of the noncontrolling interest was $145,000. The book values and fair values of Socks's assets and liabilities were equal, except for other intangible assets, which had a fair value $80,000 more than book value and a 10-year remaining life. Purple and Socks reported the following data for 20X8 and 20X9: Year Purple Corporation Socks Corporation Operating Income Dividends Paid Net Income Comprehensive Income Dividends Paid 20X8 $ 120,000 $ 70,000 $ 40,000 $ 50,000 $ 15,000 20X9 140,000 70,000 60,000 65,000 30,000

Assuming that Purple reported capital stock outstanding of $320,000 and retained earnings of $430,000 at January 1, 20X8, prepare the stockholders equity section of the consolidated balance sheet at December 31, 20X8 and 20X9.

Please explain how these are obtained: retained earnings; accumulated OCI; non controlling interest