Ecotec Inc. purchased 70% of the outstanding common stock of Beatrix Co. on January 1, 2010, paying $875,000. On that day, the balance sheets of the two companies immediately after the purchase are as follows:

1. Compute the amount that will be disclosed on the consolidated balance sheet as "Minority Interest."
2. Prepare a consolidated balance sheet as of January 1,2010.

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(in thousands) Ecotec Beatrix Assets $ 410 1,875 1,100 875 S 260 1,240 850 Cash Other current assets Property, plant, and equipment. Investment in Beatrix. Total assets. $4,260 S2,350 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities S 800 $1,225 775 300 Common stock. 800 500 Retained earnings 1,460 750 Total liabilities and stockholders' equity $4,260 $2,350