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On January $1,2024,$ Pasture Company acquires $80\%$ of Spring Company for $$2,054,400$ In cash consideration. The remaining $20$

percent noncontrolling Interest shares had an acquisition$-$date estimated falr value of $$513,600.$ Spring's acquisition$-$date total book

value was $$2,040,000.$

The falr value of Spring's recorded assets and Ilabilitles equaled thelr carrying amounts. However, Spring had two unrecorded assets$-$

a trademark with an Indefinite life and estimated falr value of $$294,000$ and licensing agreements estimated to be worth $$216,000$

with four$-$year remaining IIves. Any remaining acquisition$-$date fair value in the Spring acquisition was considered goodwill.

During $2024,$ Spring reported $$206,400$ net Income and declared and paid dividends totaling $$60,000.$ Also In $2024,$ Pasture reported

$$420,000$ net income, but nelther declared nor paid dividends.

Requlred:

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 $31,2024?$

Answer is complete but not entirely correct.

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