On January 1, 2014, Plate Company purchased a 90% interest in the common stock of Set Company for $679,940, an amount $21,500 in excess of the book value of equity acquired. The excess relates to the understatement of Set Company's land holdings. Excerpts from the consolidated retained earnings section of the consolidated statements workpaper for the year ended December 31, 2014, follow: Set Company Consolidated Balances 1/1/14 retained earnings Net income from above 207,700 943,500 134,400 416,500 Dividends declared (48,300 ) (95,900 ) 12/31/14 retained earnings to the balance sheet 293,800 1,264,100 Set Company's stockholders' equity is composed of common stock and retained earnings only. Determine the total noncontrolling interest that will be reported on the consolidated balance sheet on December 31, 2014. How does the noncontrolling interest differ between the cost method and the equity method? (Round answer to O decimal places, e.g. 5,125.) Total noncontrolling interest $ The noncontrolling interest will be same under either of the methods