Thomas Inc. had the following stockholders’ equity accounts as of January 1, 2013: Prefered stock–.

Thomas Inc. had the following stockholders' equity accounts as of January 1, 2013: Prefered stock– $90 par non voting nonparticipating; 9% cumulative dividned $2,700,000 Common Stock — $25 Par $5,600,000 Retained Earnings $14,000,000 Kuried Co. acquired all of the voting common stock of Thomas on January 1, 2013, for $20,656,000. The preferred stock remained in the hands of outside parties and had a fair value of $3,060,000. A database valued at $656,000 was recognized and amortized over five years. During 2013, Thomas reported earning $630,000 in net income and paid $504,000
Thomas Inc. had the following stockholders' equity accounts as of January 1, 2013: Prefered stock– $90 par non voting nonparticipating; 9% cumulative dividned $2,700,000 Common Stock — $25 Par $5,600,000 Retained Earnings $14,000,000 Kuried Co. acquired all of the voting common stock of Thomas on January 1, 2013, for $20,656,000. The preferred stock remained in the hands of outside parties and had a fair value of $3,060,000. A database valued at $656,000 was recognized and amortized over five years. During 2013, Thomas reported earning $630,000 in net income and paid $504,000 in total cash dividends. Kuried used the equity method to account for this investment. Requirements: What is the amount of goodwill resulting from this acquisition? What was the non-controlling interest's share of consolidated net income for the year 2013? What is the controlling interest share of Thomas net income for the year ended December 31, 2013? What was Kurieds balance in the Investment in Thomas Inc. account as of December 31, 2013?

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