Save Answer QUESTION 22 10 points Bartholomew Company acquired 80 percent of the outstanding shares of Samson Company in Year 1 by paying $5,500,000 in cash The fair value of Samson's identifiable assets was $5,000,000 on the acquisition date. Bartholomew uses the proportionate share of acquired firm's net assets approach to measure noncontrolling interests. Samson is a separate cash generating unit (CGU). At the end of Year 1, Bartholomew estimates the following information for Samson Amount at which the shares of Samson could be sold $5,000,000 Costs that would be incurred to sell the shares of Samson 200,000 Present value of future cash flows from continuing control of Samson 4,750,000 Required: Under IFRS determine the amount of goodwill noncontrolling interest, and net identifiable assets that should be reported on Bartholomew's balance sheet for Year 1 Prepare any needed journal entries. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10(Mac)