On January 1, 2019Post Corporation acquired 80 percent of Star Company's common stock for $ 160,000 cash, when the book value of Star Company was $160,000. At the date of the business combination , the book values of Star's net assets and liabilities approximated fair value except for inventory , which had a book value of $ 40,000 and fair value of \$45,000 , and equipment, which had a book value of \$100,000 and a fair value of \$120,000 . Additional information : * Star Company uses the FIFO method and all inventory acquired on January 1, 2019 were sold during 2019 Equipment has a remaining useful life of 10 years , and the straight -line method is used . * Star reported net income of $ 60,000 and $ 75,000 for 2019 and 2020 respectively . * Star Company declared and paid dividends of $ 30,000 in 2019 and $ 40,000 in 2020 What is the balance of Noncontrolling interest in Net Assets on December 31 2020 Select one: a $53,000 b$ 40,000 $51 200 d