WII January 1, VEAL A, FELLICT LOTPOTATION ACQUITEd ON PERCENT OL S TraIngET'S LOTPOTATION LOL $275, 000 cash . On 1 /1 /4 , 5 reported common stock outstanding of $ 2 20, 000 and retained earnings of $90 ,000 , and the fair value of the noncontrolling interest was $xxx ( I don't remember ) . AS Of VILLA 'S CO. OWEN & CO. $51, 250. 5 held land with a book value of $70, 000 but a market value of $ 75, 000 , and equipment with a book value of $ 45, 000 and a market value of $65, 000 at the date of combination . Any differential remaining at acquisition was not attributable to a specific asset or liability . All depreciable assets held by 5 at the date of acquisition had a remaining economic life of 10 years . & reported net income of $ 10 , 000 and dividends of $22, 000 for year A. Puses the Equity Method in accounting for its investment in 5 . I had $320 k in Net Income and declared book in dividends in year A Provide the following ( works pace is available on the following page ) . a . P's differential b . total Goodwill ( use algebraic method ) _ . P's Intercompany Investment Income for year A J. P's separate income for year A { . P's balance in Investment in 5 Corp . , 12 /31 / 4 C . Total Consolidated Net Income , Year A 5 . Minority Interest in 'S Income , year A I . P's share of Consolidated Net Income , year A