On April 1, Pujols, Inc., exchanges $499,500 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 $182,000. Ramirezs identifiable assets and liabilities each had book values that equaled their fair values on April 1 for a net total of $535,000. During the remainder of the year, Ramirez generates revenues of $764,000 and expenses of $454,000 and declared no dividends. On a December 31 consolidated balance sheet, what amount should be reported as noncontrolling interest?

Multiple Choice

• $251,750.

• $253,500.

• $275,000.

• $307,070.