Noncontrolling interest, upstream deferred intercompany inventory profits and Acquisition Accounting Premium Assume a parent company acquired 80% of the outstanding voting common stock of a subsidiary on January 1, 2021. On the acquisition date, the identifiable net assets of the subsidiary had fair values that approximated their recorded book values except for a patent, which had a fair value of $130,000 and no recorded book value. On the date of acquisition, the patent had five years of remaining useful life and the parent company amortizes its intangible assets using straight line amortization. During the year ended December 31 , 2022, the subsidiary recorded sales to the parent in the amount of $156,000 On these sales, the subsidiary recorded pre-consolidation gross profits equal to 25%. Approximately 30% of this merchandise remains in the parent's inventory at December 31, 2022. The following summarized pre-consolidation financial statements are for the parent and the subsidiary for the year ended December 31 , 2022: Based on this information, determine the balance for Noncontrolling Interest