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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

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:

Socks Corporation Purple Corporation
Year Net Income Comprehensive Income Dividends Paid Operating Income Dividends Paid
2018 $ 40,000 $ 50,000 $ 15,000 $ 120,000 $ 70,000
2019 $ 60,000 $ 65,000 $ 30,000 $ 140,000 $ 70,000

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.

2018 2019
Controlling Interest
Add: Common Stock 320000 320000
Retained Earnings
Accumulated OCI
Total Controlling Interest
Add: NCI
Total Stockholders' Equity

I need help calculating Retained Earnings, Accumulated Other Comprehensive Income and Noncontrolling interest.

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