On August 1, Year 5, Aluminum Company acquired 70 percent of the common shares of Copper Company for $700,000. On that date, the fair value of Copper's identifiable net assets was $600,000 and the carrying amount of its shareholders' equity was $500,000. Assume that the acquisition method, identifiable net assets method will be used to prepare consolidated financial statements. What amount of non-controlling interest should be reported on the consolidated balance sheet on the date of acquisition? Multiple Choice $0 $150,000 $180,000 $300,000