Ute purchased 70% of Cougar for $420K on January 1st 2XX1. The information on the EXCEL Spreadsheet is from the December 31, 2XX1 accounts. At the time of purchase all FMV of all assets and liabilities equal book value, except for the following Description Book Value Fair Value Building $110,000 $190,000 20 Year Life Patents 10,000 110,000 5 Year Life CNC Zero 40,000 4 Year Life Any excess from the purchase price will be allocated to goodwill. During the year,