Assume the following facts relating to an 75% owned subsidiary company:

BOY stockholders equity

$880,000

BOY AAP assets

96,000

Net income of subsidiary (not including [A] asset depreciation and amortization)

200,000

AAP assets depreciation and amortization expense

32,000

Dividends declared and paid by subsidiary

16,000

Compute the amount reported as noncontrolling equity at the end of the year.