Required Prepare a consolidated balance sheet for Banner at December 31, 20X8. E3-18 Acquisition of Majority Ownership Lang Company reports net assets with a book value and fair value of $200,000 Pace Corporation acquires 75 percent ownership for $150,000. Pace reports net assets with a book value of $520,000 and a fair value of $640,000 at that time, excluding its investment in Lang. Required For each of the following, compute the amounts that would be reported immediately after the com- bination under current accounting practice: a. Consolidated net identifiable assets. b. Noncontrolling interest. mont of Goodwill OUT