of On January 1, 2016 H&M Co. acquired 90% of Zara Co. for $180,000. At the date of acquisition, Zara reported net assets of $450,000 at book value and $500,000 stated at fair value. The difference was due to the increased value of equipment with a remaining life of 10 years. During 2016 Zara reported net income of $25,000 and paid dividends of $10,000. Assume that H&M uses the equity method. Based on the preceding information, what will be the balance of Non-controlling on Dec 31, 2016? Select one: O a. $21,500 b. $22,500 O c. $21,000 O d. $22,000