On 1 July 2002, Company X purchased 75% of Company Y's shares for R5,000,000. The fair value of NCI in Company Y at that date was R1,000,000. Company X recognized goodwill. On 30 June 2005, Company X sold 40% of its shares in Company Y for R2,800,000. The remaining 35% of shares in Company Y had a fair value of R2,000,000 at the date of sale. Calculate the adjustment to be recorded in Company X's consolidated reserves as a result of the sale of shares on 30 June 2005