Purple Corporation acquired 75 percent of Socks Corporation's 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: Socks Corporation Purple Corporation Net Comprehensive Dividends Operating Dividends Year Income Income Paid Income 20X8 $40,000 $50,000 $ 15,000 $120,000 $70,000 20x9 60,000 65,000 30,000 140,000 70,000 Paid Required: a. Compute consolidated comprehensive income for 20X8 and 20X9. 20X8 20X9 Consolidated comprehensive income b. Compute comprehensive income attributable to the controlling interest for 20X8 and 20X9. 20X8 2079 Comprehensive income attributable c. 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. 20X8 20X9 Controlling Interest Total Controlling Interest 0 0 Total Stockholders' Equity $ 0 $ ol