Traper Company holds 80 percent ownership of Arrow Company. The consolidated balance sheets as of December 31, 20X3, and December 31, 20X4, are as follows Dec. 31, 20x3 Dec. 31, 20x4 181,000 175,000 370,000 160,000 980,000 (325,000) 210,000 190,000 850,000 (280,000 Buildings and Equipment Goodwill Total Assets Liabilities and Owners' Equity $1.413,000 1.569,000 S 52,000 Acoounts Payable Interest Payable Bonds Payable Bond Premium Noncontrolling Interes Common Stock Additional Paid-In Capita Retained Eamings 45.000 18.000 300,000 74,000 0,000 500,000 16,000 44,000 300,000 70,000 535,000 Total Liabilities and Owners Equity $1.413.000 1.569.000 The 20X4 consolidated income statement contained the following amounts $ 600,000 5375,000 Depreciation Expense Interest Expense Loss en Sale of Land Goodwill limpairment Loss 45,000 69.000 20,000 12,000 521,000) Consolidated Net Income Income to Noncontroiling Interes $ 79,000 7,000) Income to Controlling Intenest $ 72.000 Traper acquired its investment in Arrow on January 1, 20X2, for $176,000. At that date, the fair value of the noncontrolling interest was $44,000, and Arrow reported net assets of $150,000. A total of $40,000 of the differential was assigned to goodwil. The remainder of the differential was assigned to equipment with a remaining life of 20 years from the date of Traper sold $100,000 of bonds on December 31, 20X4, to assist in generating additional funds. Arrow reported net income of $35,000 for 20X4 and paid dividends of $15,000 Traper reported 20x4 equity-method net income of $80,000 and paid dividends of $25,000