In January 1, 2011, Cullmon Company acquired an 80% interest in Toner Company for a purchase price that was $550,000 over the book value of Toner's Stockholders' Equity on the acquisition date. The Cullmon allocated the excess to the following [A] assets: [A] Asset Patent Goodwill Initial Fair Value 300,000 Useful Life (years) 10 Indefinite 250,000 $550,000 Toner sells inventory to the Cullmon (upstream) which includes that inventory in products that it (Cullmon), ultimately, sells to customers outside of the controlled group. You have compiled the following data as of 2016 and 2017: Transfer price for inventory sale 2016 $ 671,000 2017 $ 733,000 Cost of goods sold (615,000) (653,000) Gross profit % inventory remaining $ 56,000 25% Gross profit deferred $ 14,000 $ 80,000 $ 28,000 35% $ 90,000 $ 100,000 EOY Receivable/Payable The inventory not remaining at the end of the year has been sold outside of the controlled group. The inventory not remaining at the end of the year has been sold outside of the controlled group. Cullmon and the Toner report the following financial statements at December 31, 2017: Sales Cost of goods sold Gross Profit Equity investment income Operating expenses Net income Income Statement Cullmon Toner $ 6,770,000 $2,518,500 (1,511,100) (4,739,000) 2,031,000 246,872 (1,242,600) $ 1.035.272 Statement of Retained Earnings 1,007,400 (654,810) $ 352.590 BOY Retained Earnings Cullmon $3,401,248 Toner $1,301,225 Net income 1,035,272 352,590 Dividends (199.210) (35.259) EOY Retained Earnings $4.237.310 $1.618.556 Assets: Cash Accounts receivable Inventory Equity Investment PPE, net Balance Sheet Liabilities and Stockholders' Equity: Current Liabilities Long-term Liabilities Common Stock APIC Retained Earnings Cullmon $ 795,240 866,560 Toner $ 696,785 584,292 1,313,380 750,513 1,846,665 6.317.764 1.388.533 $11.139.609 $3.420.123 $ 972,849 $ 584,292 4,000,000 1,106,895 839,500 167,900 822,555 209,875 4,237,310 1,618,556 $11.139.609 $3.420.123 Compute the end of year noncontrolling interest equity balance