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On December 3 1 , 2 0 2 0 , Blue Spruce Company purchased a controlling interest in Bloom Company for $ 1 , 2

On December 31,2020, Blue Spruce Company purchased a controlling interest in Bloom Company for $1,280,000. The consolidated balance sheet on December 31,2020 reported noncontrolling interest in Bloom Company of $320,000. One the data of aquisition, the stockholders' equity section of Bloom Company's balance sheet was as follows: Common stock $575,000, Other contributed capital $4325,000, Retained earnings $390,000, Total $1,390,000. Conpute the noncontrolling interest percentage on December 31,2020.

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