1. Python acquires 80% of the voting stock of Slither on January 1, 2020 for $4,000. The fair value of the noncontrolling interest is $950. Slither's balance sheet at the date of acquisition is as follows: Book Value Dr (Cr) Fair Value Dr (Cr) Tangible assets $5,000 $6,500 Identifiable intangibles – 2,000 Liabilities (3,000) (3,000) Capital stock (600) – Retained earnings (1,400) – 2. On the consolidation working paper at January 1, 2020, what is the credit to noncontrolling interest in Slither for eliminating entry (E)? A. $-0- B. $300 C. $400 D. $100