On April 1, Pujols, Inc, exchanges $653,500 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 $230,100. Ramirez's identifiable assets and liabilities each had book values that equaled their fair values on April 1 for a net total of $715,000. During the remainder of the year, Ramirez generates revenues of $710,000 and expenses of $453,000 and declared no dividends. On a December 31 consolidated balance sheet, what amount should be reported as noncontrolling interest? Mutiple Choice $291,600 $357170 $307,200 $287.925