On January 1, 2019, Pali Company acquired 75% of Silicon Company's voting stock for $44,300 in cash. The noncontrolling interest had an estimated fair value of $12,700. Silicon's assets and liabilities at the date of acquisition were reported at amounts approximating fair value, but it had previously unreported indefinite life identifiable intangibles valued at $21,000. Silicon's total shareholders' equity at January 1, 2019 was as follows:

Capital stock	$ 2,000
Retained earnings	2,900
Accumulated other comprehensive income	100
Total	$ 5,000

It is now December 31, 2020 (two years later). Identifiable intangibles impairment for 2019 was $1,000 and there was no goodwill impairment. There is no identifiable intangibles impairment for 2020, but goodwill impairment for 2020 is $200. Pali uses the complete equity method to account for its investment. December 31, 2020 trial balances for Pali and Silicon follow.

	Pali Dr (Cr)	Silicon Dr (Cr)
Current assets	$ 5,000	$ 1,000
Property, net	42,000	28,000
Intangibles
Investment in Silicon	45,892
Goodwill
Liabilities	(53,887)	(20,664)
Capital stock	(15,000)	(2,000)
RE, beginning	(20,000)	(4,400)
AOCI, beginning	(1,100)	(116)
Sales revenue	(25,000)	(14,000)
Equity in net income of Silicon	(1,190)
Equity in OCI of Silicon	(15)
Cost of goods sold	20,000	9,000
Operating expenses	4,000	3,200
Other comprehensive income	(700)	(20)
Total	$ 0	$ 0

On the consolidation working paper for 2020, what is the credit to noncontrolling interest in Silicon for eliminating entry (E)?

Select one:

A. $ 500

B. $1,600

C. $1,589

D. $1,629