On January 1, 2014, Father Company acquired an 80 percent interest in Sun Company for $425,000. The acquisition-date fair value of the 20 percent noncontrolling interest’s ownership shares was $102,500. Also as of that date, Sun reported total stockholders’ equity of $400,000: $100,000 in common stock and $300,000 in retained earnings. In setting the acquisition price, Father appraised four accounts at values different from the balances reported within Sun’s financial records.   Problem Buildings (8-year remaining life) Undervalued by $20,000 Land Undervalued by $50,000 Equipment (5-year remaining life) Undervalued by $12,500 Royalty agreement (20-year remaining life) Not recorded, valued at $30,000   As of December 31, 2018, the trial balances of these two companies are as follows:                                                                Father Company Sun Company Debits Current assets                                             $605,000        $280,000 Investment in Sun Company                         425,000           –0– Land                                                                 200,000         300,000 Buildings (net)                                                640,000          290,000 Equipment (net)                                             380,000           160,000 Expenses                                                         550,000           190,000 Dividends declared                                     90,000       20,000 Total debits                                                 $2,890,000      $1,240,000   Credits Liabilitie                                                          $910,000          $300,000 Common stock                                                480,000            100,000 Retained earnings, 1/1/18                               704,000             480,000 Revenues                                                         780,000             360,000 Dividend income                                          16,000           –0– Total credits                                                $2,890,000          $1,240,000   Included in these figures is a $20,000 payable that Sun owes to the parent company. No goodwill impairments have occurred since the Sun Company acquisition.   Required      1. Determine consolidated totals for Father Company and Sun Company for the year 2018.      2. Prepare worksheet entries to consolidate the trial balances of Father Company and Sun Company for the year 2018.      3. Assume instead that the acquisition-date fair value of the noncontrolling interest was $104,500. What balances in the December 31, 2018, consolidated statements would change?