On January 1, 2021, Ackerman Company acquires 80% of Seidel Company for $1,712,000 in cash consideration. The remaining 20 percent noncontrolling interest shares had an acquisition-date estimated fair value of $428,000. Seidel’s acquisition-date total book value was $1,700,000. The fair value of Seidel’s  recorded assets and liabilities equaled their carrying amounts. However,Seidel had two unrecorded assets—a trademark with an indefinite life and estimated fair value of $245,000 and several customer relationships estimated to be worth $180,000 with four-year remaining lives. Any remaining acquisition-date fair value in the Seidel acquisition was considered goodwill. 

During 2021, Seidel reported $172,000 net income and declared and paid dividends totaling $50,000. Also in 2021, Ackerman reported $350,000 net income, but neither declared nor paid dividends.

a. What amount should Ackerman assign to the 20 percent noncontrolling interest of Seidel at the acquisition date?

b. How much of 2021 consolidated net income should be allocated to the noncontrolling interest?

c. What amount of 2021 dividends should be allocated to the noncontrolling interest?

d. What amount of noncontrolling interest should appear in the owners’ equity section of Ackerman’s consolidated balance sheet at December 31, 2021?