On January $1,2021,$ Knope Company acquired $70\%$ of Wyatt Incorporated by paying $$630,000.$ Wyatt reported common stock on that date of $$420,000$ with retained earnings of $$252,000.$ A building was undervalued in the company's financial records by $$28,000.$ This building had a ten$-$year remaining life. Copyrights of $$80,000$ were to be recognized and amortized over $20$ years.

Wyatt earned income and paid cash dividends as follows:

Net Income Dividends Paid

$2021$ $ $105,000$ $ $54,600$

$2022134,40061,600$

$2023154,00084,000$

On December $31,2021,$ Knope owed $$30,800$ to Wyatt. There have been no changes in Wyatt$$s common stock account since the acquisition.

Required:

$1.$ If the equity method had been applied by Knope for this acquisition, what were the consolidation entries needed as of December $31,2021?$

$2.$ Calculate the balance of the noncontrolling interest that should be reported on the balance sheet as of December $31,2023.$