On January 1, Jarel acquired 80 percent of the outstanding voting stock of Suarez for $260,000 cash consideration. The remaining 20 percent of Suarez had an acquisition-date fair value of $65,000. On January 1, Suarez possessed equipment (five-year remaining life) that was undervalued on its books by $25,000. Suarez also had developed several secret formulas that Jarel assessed at $50,000. These formulas, although not recorded on Suarez's financial records, were estimated to have a 20-year future life. As of December 31, the financial statements appeared as follows: Jarel Suarez $ (300,000) $(200,000) Revenues Cost of goods sold Expenses Net income 140,000 20,000 80,000 10,000 $ (140,000) $(110,000) Retained earnings, 1/1 $ Net income (300,000) $(150,000) (140,000) (110,000 Dividends declared 0 Retained earnings, 12/31 $ (440,000) $(260,000) Inventory Cash and receivables Investment in Suarez Equipment (net) $ 210,000 $ 90,000 150,000 110,000 260,000 0 300,000 Total assets Liabilities Common stock Retained earnings, 12/311 Total liabilities and equities 440,000 $ 1,060,000 $ (420,000) (200,000) (440,000) $(1,060,000) $ 500,000 $(140,000) (100,000) (260,000) $(500,000) Included in the preceding statements, Jarel sold inventory costing $80,000 to Suarez for $100,000. Of these goods, Suarez still owns 60 percent on December 31. What is the consolidated total of noncontrolling interest appearing on the balance sheet?