On January 1, 2020, Jannison Inc. (parent) acquired 90% of Techron Co. (subsidiary) by paying $500,000 cash. There is no active trading market for Techron stock . Techron Co. reported a Common Stock account balance of $150,000 and retained Earning of $300,000 at that date. the 100% fair value of Techron Co. was appraised at $550,000 and therefore the Non-controlling Interest beginning balance is $55,000. the total annual amortization was $10,000 as a result of this transaction. the subsidiary earned $100,000 in 2020 and $125,000 in 2021 with dividend payments of $25,000 each year. without regard for this investment, Jannison had income of $325,000 in 2020 and $375,000 in 2021.

(1) what is the non-controlling interest balance as a December 31,2021 ?