3 years ago on January 1, 2011, Daisy Company acquired 80 percent of Rose Company for $594,000 in cash. Rose's net book value on that date was $610,000 and the fair value of the non-controlling interest was $148,500. Rose possessed a trademark (10-year remaining life) that although unrecorded on Rose's accounting records, had a fair value of $75,000. There were no other unrecorded assets or liabilities and the book value of the remaining assets and liabilities approximated fair value.