On April 1, 2020, Anne Inc. exchanges 1,000,000 for 70% of the outstand comming stock of Marley Corp. The remaining 30% of the outstanding shares continued to trade at a collective fair value of $400,000. Marley's net book value on April 1 was 900,000. Marley's identifiable assets and liabilities each had book values that approximated their falue, except that a building had a book value that was undervalued by 100,000 (remaining life of 10 years). For the year ended Dec. 31, Anne reports net income of 2,000,000 not including any of Marley's operating results. For the nine months ended Dec 31, 2020, Marley reports net income of 600,000 and declared no dividends. On the Dec 31 consolidated balance sheet, the amount that should be reported as noncontrolling interest is