QUESTION 28 The St. Louis Cardinals acquired 90 percent of New Orleans Saints on January 1, 2019, for $234,000 cash. This amount is reflective of New Orleans' total fair value. The Saints' stockholders' equity consisted of common stock of $160,000 and retained earnings of $80,000. An analysis of New Orleans' net assets Book Value Fair Value revealed the following: c: Buildings (10-year life) $10,000 $ 8,000 Equipment (4-year life) 14,000 18,000 Land 5,000 12,000 Any excess consideration transferred over fair value is attributable to an unamortized patent with a useful life of 10 years. The acquisition value attributable to the non-controlling interest (Ml in NA) at January 1, 2019 is: $24,000. $26,000. $24,900. $23,400 None of the above