On April 1, Pujols, Inc., exchanges $453,750 for 70 percent of the outstanding stock of Ramirez Corporation. The remaining 30 percent of the outstanding shares continued to trade at a collective fair value of $182,850. Ramirezs identifiable assets and liabilities each had book values that equaled their fair values on April 1 for a net total of $532,500. During the remainder of the year, Ramirez generates revenues of $704,000 and expenses of $382,000 and declared no dividends. On a December 31 consolidated balance sheet, what amount should be reported as noncontrolling interest?