On 30 June 20X2, H acquired 80% of the share capital of S. The non-controlling interest had a fair value of

$1,300,000.

Extracts from the statement of financial position of S at 30 June 20X2 and 30 June 20X6 are shown below:

Statement of financial position

30 June 20X2 30 June 20X6

$ $

Ordinary share capital 1,000,000 1,000,000

Share premium account 400,000 400,000

Retained earnings 4,700,000 5,600,000

What figure for non controlling interest should appear in the consolidated statement of financial position as at

30 June 20X6?

A $1,220,000

B $1,300,000

C $1,480,000

D $1,400,000