Find Corp. is a joint arrangement in which Seek Inc. has a 20% interest. Although Find Corp. is an incorporated entity, it is accounted for as a joint operation. A contractual agreement gives Seek proportionate rights (20%) to all of Finds' assets and proportionate responsibilities (20%) for all of Find's liabilities. The financial statements of both businesses as at December 31, 2020, include the following information: INCOME STATEMENTS Sales Cost of Sales Other Expenses Net Income Seek Inc. Find Corp. $800,000 $200,000 $400,000 $100,000 $200,000 $60,000 $200,000 $40,000 BALANCE SHEETS Miscellaneous Assets $600,000 $300,000 Inventory $120,000 $60,000 Investment in Find $180,000 Total Assets $900,000 $360,000 Miscellaneous Liabilities $160,000 $80,000 Common Shares $200,000 $100,000 Retained Earnings, Jan 1 $340,000 $140,000 Net Income $200,000 $40.000 Total Liabilities & Equity $900,000 $360,000 31 During 2020, Seek sold merchandise totaling $120,000 to Find and recorded a gross profit of 50% on these sales. At the end of 2020, Find's inventory contained $30,000 worth of merchandise purchased from Seek. Find also owed $50,000 to Seek at the end of 2020. Both companies are subject to a 40% tax rate. What is the amount of non-controlling interest that would appear on Seek's December 31, 2020 Balance Sheet? 12 21 15 5 $180,000 $144,000 $136,000 tion $0