InJanuary1, 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

Initial Fair Value

Useful Life (years)

Patent

300,000

10

Goodwill

250,000

Indefinite

$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:

2016

2017

Transfer price for inventory sale

$ 671,000

$ 733,000

Cost of goods sold

(615,000)

(653,000)

Gross profit

$56,000

$80,000

% inventory remaining

25%

35%

Gross profit deferred

$14,000

$28,000

EOY Receivable/Payable

$90,000

$ 100,000

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:

Income Statement

Cullmon

Toner

Sales

$ 6,770,000

$ 2,518,500

Cost of goods sold

(4,739,000)

(1,511,100)

Gross Profit

2,031,000

1,007,400

Equity investment income

246,872

Operating expenses

(1,242,600)

(654,810)

Net income

$ 1,035,272

$352,590

Statement of Retained Earnings

Cullmon

Toner

BOY Retained Earnings

$3,401,248

$1,301,225

Net income

1,035,272

352,590

Dividends

(199,210)

(35,259)

EOY Retained Earnings

$4,237,310

$1,618,556

Balance Sheet

Cullmon

Toner

Assets:

Cash

$795,240

$696,785

Accounts receivable

866,560

584,292

Inventory

1,313,380

750,513

Equity Investment

1,846,665

PPE, net

6,317,764

1,388,533

$11,139,609

$3,420,123

Liabilities and Stockholders' Equity:

Current Liabilities

$972,849

$584,292

Long-term Liabilities

4,000,000

839,500

Common Stock

1,106,895

167,900

APIC

822,555

209,875

Retained Earnings

4,237,310

1,618,556

$11,139,609

$3,420,123

Compute the end of year noncontrolling interest equity balance.