McGuire Company acquired 90 percent of Hogan Company on January 1, 2019, for $234,000 cash. This amount is reflective of Hogan's 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 value attributable to the non controlling interest at January 1, 2019 is:

		$20,000
		$24,900
		$23,400
		$26,000
		$24,000