Required information Use the following information to answer questions 14-16 West Company acquired 60 percent of Solar Company for $318,000 when Solar's book value was $418,000. The newly comprised 40 percent noncontrolling interest had an assessed fair value of $212,000. Also at the acquisition date, Solar had a trademark (with a 10-year life) that was undervalued in the financial records by $72,000. Also, patented technology (with a 5-year life) was undervalued by $52,000. Two years later, the following figures are reported by these two companies (stockholders' equity accounts have been omitted): Current assets Trademarks Patented technology Liabilities Revenues Expenses Investment income West Company Book Value $ 632,000 272,000 422,000 (402,000) (912,000) 488,000 Not given Solar Company Book Value $ 312,000 212,000 162,000 (132,000) (412,000) 312,000 Solar Company Fair Value $ 332,000 292,000 162,000 (132,000) roblem 4-14 (LO 4-2) hat is the consolidated net income before allocation to the controlling and noncontrolling interests