ule owner will be able to see your name and email address Required Paisley Incorporated OnJanuary 1, 2011. Paisley Incorporated paid $300,000 for 60% of SmarniaCompany's outstanding capital stock. Smarnia reported common stock onthat date of $250,000 and retained earnings of $100,000. Plant assets, which had a five year remaininglife, were undervalued in Smarnia's financial records by S10,000. Smarnia alsohad a patent that was not on the books, but had a market value of $60,000. Thepatent has a remaining useful life of 10 years. Any remaining fair value/bookvalue differential is allocated to goodwill. Smarnia's net income and dividendspaid the first three years that Paisley owned them are shown below. Net Dividends Income Paid 2011 80,000 30,000 I 2012 90,000 10.000 2013 60.000 20,000 They Use Acquisition Methods & Implied Goodwill & Equity Mehtod For Investment Account Base on this case please answer the following Questions 1. Calculate the Equity income for the noncontrolling interest for Year 2011 00 (2 points) 0 83" Smoke ORI ho @tomce.com/song.. mySwitHUSHOMME 2. Calculate the Equity Income for the noncontrolling interest for your 2012 2 points) 0 ET 3. Calculate the Equity Income for the noncontrolling interest for Year 2013 Points) 0 4. In regarding to the noncontrolling interest Calculate the Equity increase for 3 years periods Points) 5. Calculate The Ending Balance in the investment in Smarnia Account by the end of year 2011 2 Points) 0 E S90 o 3 Typehto com/Pages/ResponsePage.aspx?id=Ks62XIUVNEiFekmoyqxdb5TWw_wRfxhinj2G1mNdKBVURTFHOUSHQTHWMUPKRJUORJZXRTUS.. 6. Calculate The Ending Balance In The Investment In Smarnia Account By the end of year 2012 (2 Points) 0 7. In regarding to the investment Account, Calculate thier Equity Increase for 3 years periods (2 Points) 0 8. Calculate the rate of return for 2nd year investment (2 points) O 9. Calculate the Excessof fair value over book value relted to this case. (3 Points)