On April 30, 2006, Press Corporation Paid $168,000 Cash for 80

On April 30, 2006, Press Corporation paid $168,000 cash for 80% of the outstanding common stock of Sow Company. Legal, accounting, and finder's fees paid by Press relative to the business combination totaled $24,000. The current fair value of Sow's identifiable net assets was $220,000 on April 30, 2006; the carrying amount was $200,000.
Prepare a working paper to compute the minority interest and goodwill in the April 30, 2006 consolidated balance sheet of Press Corporation and subsidiary under each of the following independent assumptions:
a. Sow's identifiable net assets are recognized at current fair value; minority interest is based on current fair value of identifiable net assets.
b. Sow's identifiable net assets are recognized at current fair value only to the extent of Press Corporation's interest; balance of net assets and minority interest are reflected at carrying amounts in Sow's accounting records.
c. Current fair value, through inference, is assigned to total net assets of Sow, including goodwill.