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On January 1, year 1, Ritt Corp. purchased 80% of Shaw Corp.’s $10 par common stock for $975,000. On this date, the carrying amount of Shaw’s net assets was $1,000,000. The fair values of Shaw’s identifiable assets and liabilities were the same as their carrying amounts except for plant assets (net) with fair values of $100,000 in excess of their carrying amount. The fair value of the noncontrolling interest in Shaw on January 1, year 1, was $250,000. For the year ended December 31, year 1, Shaw had net income of $190,000 and paid cash dividends totaling $125,000. In the January 1, year 1 consolidated balance sheet, goodwill should be reported at