On January 1, 2019, Pop Co. acquired 75% of the outstanding common shares of Soda Inc. for $161,250 cash. On that date, Soda had common shares of $156,250 and retained earnings of $31,250. At acquisition, the identifiable assets and liabilities of Soda had fair values that were equal to carrying amounts except for inventory, which had fair value $8,000 greater than carrying amount and plant and equipment, which had fair values $10,000 greater than carrying amounts. The plant and equipment had a remaining useful life of 5 years on January 1, 2019.Any goodwill will be tested yearly for impairment.

Balance sheets as at December 31, 2019 are presented below:

		Pop Co.		Soda Inc.
Cash	$	10,000		$	5,000
Accounts receivable		38,750			42,250
Inventory		75,250			62,500
Land		50,000			100,000
Plant & Equipment, net		150,000			175,000
Investment in Soda Inc. equity		168,500
	$	492,500		$	384,750
Current liabilities	$	45,500		$	47,125
Bonds payable					128,125
Common shares		338,000			156,250
Retained earnings		109,000			53,250
	$	492,500		$	384,750

For 2019, Soda Inc. reported net income of $37,000 and paid dividends of $15,000. Pop Co. reported net income for 2019 of $50,000 and paid dividends of $25,000.

An impairment test on goodwill conducted on December 31, 2019, indicated that a $500 loss had occurred.

What is the amount that Pop would report as "non-controlling interest" on the consolidated balance sheet as at December 31, 2019?

Multiple Choice

• $54,375

• $58,625

• $56,625

• $46,875