1. How did we get 200 for dividends?

2. How do we find noncontrolling interest book value?

3. How did we we 220 for 20% goodwill?

An Introduction to Consolidated Financial Statem E 3-8 Calculate consolidated balance sheet amounts with goodwill and noncontrolling interest Pob Corporation acquired an 80 percent interest in Sof Corporation on January 2, 2011, for $2,800,000 the capital stock and retained earnings of the two companies were as follows (in thousands: .On this date Sof $2,000 Pob Capital stock Retained earnings $7,200 3,200 400 The assets and liabilities of Sof were stated at fair values equal to book values when Pob acquired its 80 percent interest. Pob uses the equity method to account for its investment in Sof. Net income and dividends for 2011 for the affiliated companies were as follows: Pob Sof Net income Dividends declared Dividends payable December 31, 2011 $1,200 720 360 $360 200 100 REQUIRED: Calculate the amounts at which the following items should appear in the consolidated balance sheet on December 31, 2011. 1. Capital stock 2. Goodwill 3. Consolidated retained earnings 4. Noncontrolling interest 5. Dividends payable