Pinata Corporation acquired an 80% interest in Smackem Inc.for $130,000 on January 1,2014,when Smackem had Capital Stock of $125,000 and Retained Earnings of $25,000.Assume the fair value and book value of Smackem's net assets were equal on January 1,2014.Pinata's separate income statement and a consolidated income statement for Pinata and Subsidiary as of December 31,2014,are shown below. 
Noncontrolling
Smackem's separate income statement must have reported net income of
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Nutritional Needs
the dietary requirements necessary to support life and health, including macronutrients such as carbohydrates, proteins, and fats, as well as vitamins and minerals.
Preschool Children
Young children, typically aged 3 to 5 years, who are in the early childhood stage, before beginning compulsory education at primary school.
Encopresis
A condition often related to chronic constipation in children, characterized by involuntary defecation.
Artificialism
The belief, often observed in children, that environmental features were made by people.
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