McGuire Company acquired 90 percent of Hogan Company on January 1, 2019, for $234,000 cash. This amount is reflective of Hogan's total 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

Equipments ( 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:

A) $24,900

B) $26,000

C) $20,000

D) $23,400

E) $24,000