On April 1, Pujols, Inc., exchanges $601,600 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 $236,600. Ramirez's Identifiable assets and liabilities each had book values that equaled their fair values on April 1 for a net total of $718,000. During the remainder of the year, Ramirez generates revenues of $670,000 and expenses of $376,000 and declared no dividends. On a December 31 consolidated balance sheet, what amount should be reported as noncontrolling interest?