On January 1, 2024, Pasture Company acquires 80 percent of Spring Company for $1,712,000 in cash consideration. The remaining 20 percent noncontrolling interest shares had an acquisition-date estimated fair value of $428,000. Spring’s acquisition-date total book value was $1,700,000.

The fair value of Spring’s recorded assets and liabilities equaled their carrying amounts. However, Spring had two unrecorded assets—a trademark with an indefinite life and estimated fair value of $245,000 and licensing agreements estimated to be worth $180,000 with 4-year remaining lives. Any remaining acquisition-date fair value in the Spring acquisition was considered goodwill.

During 2024, Spring reported $172,000 net income and declared and paid dividends totaling $50,000. Also in 2024, Pasture reported $350,000 net income, but neither declared nor paid dividends.
a. What amount should Pasture assign to the 20 percent noncontrolling interest of Spring at the acquisition date?
b. How much of 2024 consolidated net income should be allocated to the noncontrolling interest?
c. What amount of 2024 dividends should be allocated to the noncontrolling interest?
d. What amount of noncontrolling interest should appear in the owners’ equity section of Pasture’s consolidated balance sheet at December 31, 2024?