At the beginning of the year, Portal Corporation acquired 90% of Squaredeal Company's voting stock for an acquisition cost of $62,000. The 10% noncontrolling interest in Squaredeal had a fair value of $5,000. The entire excess of fair value over book value was attributable to goodwill, which is not impaired during the year. It is now the end of the year, and Squaredeal's trial balance is as follows: On the consolidated statement of income and comprehensive On the consolidated statement of income and comprehensive Portal uses the complete equity method to report its investment in Squaredeal on its own books. Questions 51 - 54 relate to consolidation of Portal and Squaredeal at the end of the year. On the consolidation working paper, eliminating entry (E) credits the noncontrolling interest in Squaredeal by: Select one: a. $1,270 b. $3,840 C. $3,800 d. $2,530