On December 31, 20X8, Pancake Company acquired controlling ownership of Syrup Company. A consolidated balance sheet was prepared immediately. Partial balance sheet data for the two companies and the consolidated entity at that date follow:

	Pancake					Syrup						Consolidated
	Company					Company						Entity
Cash		$	80,000					$	30,000					$	110,000
Accounts Receivable			50,000						?						78,000
Inventory			60,000						50,000						115,000
Buildings and Equipment			200,000						140,000						365,000
Less: Accumulated Depreciation			(50,000	)					(28,000	)					(78,000	)
Investment in Syrup Stock			?
Goodwill															15,000
Total Assets		$	464,000					$	230,000					$	605,000
Accounts Payable		$	60,000					$	32,000					$	82,000
Wages Payable			?						?						78,000
Notes Payable			100,000						60,000						160,000
Common Stock			100,000						50,000						?
Retained Earnings			154,000						60,000						?
Noncontrolling Interest															31,000
Total Liabilities and Equities			?					$	230,000					$	605,000

During 20X8, Pancake Company provided consulting services to Syrup Company and has not yet paid for them. There were no other receivables or payables between the companies at December 31, 20X8.

Based on the information given, what amount will be reported as total controlling interest in the consolidated balance sheet?

A) $254,000

B) $285,000

C) $364,000

D) $395,000

Answer: A

Please explain how to calculate $254,000. Thank you