Required information West Company acquired 60 percent of Solar Company for $337.500 when Solar's book value was $437.500. The newly comprised 40 percent noncontrolling interest had an assessed fair value of $225,000. Also at the acquisition date, Solar had a trademark (with a 10-year life) that was undervalued in the financial records by $85,000. Also, patented technology (with a 5-year life) was undervalued by $65,000. 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 $ 45,000 285,000 435.000 (415,000) (925.000) 475,000 Not given Solar Company a Company Book Value $ 325,000 225,000 175,000 (145,000) (425,000) 325,000 Solar Company Fair Value $ 145,000 305,000 125.000 (145,000) What is the consolidated trademarks balance? Multiple Choice $586,500 $578.000 Oo oo $603,500 $595,000