Required information West Company acquired 60 percent of Solar Company for $315,000 when Solar's book value was $415,000. The newly comprised 40 percent noncontrolling interest had an assessed fair value of $210,000. Also at the acquisition date, Solar had a trademark (with a 10-year life) that was undervalued in the financial records by $70,000. Also, patented technology (with a 5-year life) was undervalued by $50,00O Two years later, the following figures are reported by these two companies (stockholders' equity accounts have been omitted): ETT West Company Book Value 630,000 270,000 Solar Company Book Value Solar Company Fair Value Current assets Trademarks $ 310,000 210,000 $330,000 290,000 160,000 (130,000) Patented technology Liabilities 420,000 (400,000) (910,000) 490,000 Not given 160,000 (130,000) (410,000) 310,000 Revenues Expenses Investment income Assuming Solar Company has declared no dividends, what are the noncontrolling interest's share of the subsidiary's income and the ending balance of the noncontrolling interest in the subsidiary? Multiple Choice $23,000 and $279,600. $33,200 and $290,400. $40,000 and $264,000. $29,800 and $297,200