Question 12 Not yet answered Marked out of 1.50 Remove flag On January 1, 2019, R Co acquired 75% of F Co common stock for $344,000 in cash, At the acquisition date the book values and fair values of Fassets and liabilities were equal.and the fair value of the noncontrolling interest was equal to 25% of the total book value of F,The stockholders' equity accounts of the two companies at the acquisition date are: R F common stock(5@par 500,000 200,000 additional paid in capital 300,000 80,000 retained earning 350,000 150,000 Noncontrolling interest was assigned income of $11,000 in consolidated income statement for 2019 Based on the preceding information, what will be the amount of net income reported by F Co in 2019? acquisition date the book values and fair values of Fassets and liabilities were equal.and the fair value of the noncontrolling interest was equal to 25% of the total book value of F,The stockholders' equity accounts of the two companies at the acquisition date are: R F common stock(5@par 500,000 200,000 additional paid in capital 300,000 80,000 retained earning 350,000 150,000 Noncontrolling interest was assigned income of $11,000 in consolidated income statement for 2019 Based on the preceding information, what will be the amount of net income reported by F Co in 2019? Select one: a. 55,000 b. 44,000 C. 66,000 d. 36,000