4.) On January 1, 2020, John Doe Enterprises (JDE) acquired a 55% interest in Bubba Manufacturing, Inc. (BMI). JDE paid for the transaction with $3 million cash and 500,000 shares of JDE common stock (par value $1.00 per share). At the time of the acquisition, BMI's book value was $16,970,000.

On January 1, JDE stock had a market value of $14.90 per share and there was no control premium in this transaction. Any consideration transferred over book value is assigned to goodwill. BMI had the following balances on January 1, 2020.

	Book	Fair
	Value	Value
Land	$1,700,000	$2,550,000
Buildings (seven-year remaining life)	2,700,000	3,400,000
Equipment (five-year remaining life)	3,700,000	3,300,000

For internal reporting purposes, JDE employed the equity method to account for this investment.

The following account balances are for the year ending December 31, 2020 for both companies.

	John Doe	Bubba
	Enterprises	Manufacturing
Revenues	$(298,000,000)	$(103,750,000)
Expenses	271,000,000	95,800,000
Equity in income of Bubba Manufacturing	( 4,361,500)	0
Net income	$( 31,361,500)	$( 7,950,000)
Retained earnings, January 1, 2020	$( 2,500,000)	$( 100,000)
Net income (above)	( 31,361,500)	( 7,950,000)
Dividends paid	5,000,000	3,000,000
Retained earnings, December 31, 2020	$( 28,861,500)	$( 5,050,000)
Current Assets	$ 30,500,000	$ 20,800,000
Investment in Bubba Manufacturing	13,161,500
Land	1,500,000	1,700,000
Buildings	5,600,000	2,360,000
Equipment (net)	3,100,000	2,960,000
Total assets	$ 53,861,500	$ 27,820,000
Accounts payable	$( 3,100,000)	$ (4,900,000)
Notes payable		( 1,000,000)
Common stock	( 2,900,000)	( 6,000,000)
Additional paid-in capital	( 19,000,000)	( 10,870,000)
Retained earnings, Dec. 31, 2020 (above)	( 28,861,500)	( 5,050,000)
Total liabilities and stockholders equity	$ (53,861,500)	$( 27,820,000)

Find the NCI balance on consolidated balance sheet ended 12/31/20.