The Allocation to controlling interests is neither $13200 or $30800, the same applies to the allocation to non-controlling interests. I tried it both solutions and got both wrong.

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QUESTION 1 Partially correct Mark 1500 out of 25.00 Fag question Equity in Net Income and Noncontrolling Interest in Net Income Palm Resorts acquired its 70 percent interest in Sun City on January 1, 2017, for $41.750,000. The fair value of the 30 percent noncontrolling interest at the date of acquisition was $14,750,000. Sun City's date-of-acquisition reported net assets of $5,000,000 were carried at arnounts approximating fair value, but it had unrecorded identifiable intangibles, capitalizable per ASC Topic 805, valued at $7,500,000. These intangibles are determined to have limited lives, amortized on a straight-line basis over five years. It is now December 31, 2020, and Sun City reports net income of $10,000,000. Cat Required ded a. Calculate the amount of goodwill originaly reported for this acquisition, and its allocation to the controling and noncontrolling interests Enter answers in thousands (example, $41,750,000 equals $41.750 in thousands), Total goodwill 44,000 Alocation to controlling reerests % 13,200 Allocation to noncontroling interests 30,800 x b. Calculate equity in net income and the noncontrolling interest in net income for 2020, assuming goodwill from this acquisition is impaired by $2.000,000 in 2020. Enter answers in thousands (example, $3,000,000 equals $3,000 in thousands) . Use negative signs with answers that reduce net income amounts Noncontrolin Interest in N Total Equity in NI 7,00300 Sun Cay's reported net income s 10000 Revaluat on write-offs dentifiable intangbles 11,5001 11,050 450 11,400 0600 Check