Python acquires 80% of the voting stock of Slither on January 1, 2017 for $1,500,000. The fair value of the noncontrolling interest is S350 000. Slither's balance sheet at the date of acquisition is as follows: Book Value Fair Value Dr (Cr) $5,000,000 Dr (Cr) $3,500,000 Tangible assets Identifiable intangibles Liabilities Capital stock Retained earnings AOCI 2,000,000 (3,000,000) (3,000,000) (500,000 (1,400,000) (100,000) The gain on acquisition is: OA.S 50,000 08.S 650,000 OC.$1,000,000 OD.S 500,000