Big Guy Inc. (Big Guy) purchased 80% of the outstanding voting shares of Humble Corp. (Humble) for $360,000 on July 1, 2020. On that date, Humble had common shares and retained earnings worth $180,000 and $90,000, respectively. The equipment had a remaining useful life of 5 years from the date of acquisition. Humble's bonds mature on July 1, 2030. Both companies use straight line amortization, and no salvage value is assumed for assets. The trademark is assumed to have an indefinite useful life. Goodwill is tested annually for impairment. The balance sheets of both companies, as well as Humble's fair market values on the date of acquisition are disclosed below:

	Big Guy	Humble	Humble
	(carrying value)	(carrying value)	(fair value)
Cash	$800,000	$245,000	$245,000
Accounts receivable	240,000	40,000	40,000
Inventory	60,000	45,000	50,000
Equipment (net)	900,000	80,000	72,000
Trademark	--------	90,000	193,000
Total assets	$2,000,000	$500,000
Current liabilities	$200,000	$160,000	$160,000
Bonds payable	260,000	70,000	40,000
Common shares	900,000	180,000
Retained earnings	640,000	90,000
Total liabilities and equity	$2,000,000	$500,000

The following are the financial statements for both companies for the fiscal year ended June 30, 2023: Income Statements:

	Big Guy	Humble
Sales	$640,000	$240,000
Investment revenue	8,480
Less: expenses:
Cost of goods sold	300,000	160,000
Depreciation	81,000	34,000
Interest expense	34,000	26,000
Other expenses	5,000	8,000
Net income	$228,480	$12,000

Retained Earnings Statements

	Big Guy	Humble
Balance, July 1, 2022	$960,560	$48,000
Net income	228,480	12,000
Dividends	20,000	2,000
Balance, June 30, 2023	$1,169,040	$58,000

Balance Sheets

	Big Guy	Humble
Cash	$1,200,000	$365,000
Accounts receivable	270,000	55,000
Investment in Humble	319,040
Inventory	70,000	70,000
Equipment (net)	820,000	65,000
Trademark		85,000
Total assets	$2,679,040	$640,000
Current liabilities	$350,000	$332,000
Bonds payable	260,000	70,000
Common shares	900,000	180,000
Retained earnings	1,169,040	58,000
Total liabilities and equity	$2,679,040	$640,000

An impairment test conducted in September 2021 on Big Guy's goodwill resulted in an impairment loss of $10,000 being recorded. Both companies use a FIFO system, and Humble's entire inventory on the date of acquisition was sold during the following year. During 2023, Humble borrowed $20,000 in cash from Big Guy interest free to finance its operations. As of June 30, 2023, the amount remained unpaid. Big Guy uses the equity method to account for its investment in Humble. Assume that the fair value enterprise (FVE) method applies.

Which of the following is the correct amount of non-controlling interest that would appear on Big Guy's June 30, 2023 consolidated income statement?

Multiple Choice

Nil

$2,000

$2,120

$3,600