McGuire Company acquired 90 percent of Hogan Company on January 1, 2019, for $234,000 cash. This amount is reflective of Hogans total acquisition-date fair value. Hogan's stockholders' equity consisted of common stock of $160,000 and retained earnings of $80,000. An analysis of Hogan's net assets revealed the following:

	Book Value				Fair Value
Buildings (10-year life)	$	10,000			$	8,000
Equipment (4-year life)		14,000				18,000
Land		5,000				12,000

Any excess consideration transferred over fair value is attributable to an unamortized patent with a useful life of 5 years.

The acquisition value attributable to the noncontrolling interest at January 1, 2019 is:

Multiple Choice

• $26,000.

• $24,000.

• $23,400.

• $20,000.

• $24,900.