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On January 1, Year 9, P Inc. purchased 60,000 of the common shares of S Corp. for $1,800,000. On the date of acquisition, S's shareholders'

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On January 1, Year 9, P Inc. purchased 60,000 of the common shares of S Corp. for $1,800,000. On the date of acquisition, S's shareholders' equity was as follows: At the time of acquisition preferred shares had one year of dividends in arrears. Any purchase price discrepancy is allocated to patent with an infinite life. During Year 9,S earned a net income of $500,000 and no dividends were paid out. What is the total non-controlling interests on the consolidated Statement of Financial Position as at January 1, Year 9 ? $1,310,000$1,300,000$110,000$1,202,000

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