On January 1,208, Alice Corporation acquired 80 percent of Talbot Corporation's $10 par common stock for $3,200,000. On this date, the fair value of the noncontroling interest was $800,000, and the carrying amount of Talbot's net assets was $3,400,000. The fair values of Talbot's identifiable assets and liabilities were the same as their carrying amounts except for plant assets (net) with a remaining life of 20 years, which were $280,000 in excess of the carrying amount. For the vear ended December 31 . 208, Talbot had net income of $400,000 and paid cash dividends totaling $50,000. In the December 31,208, consolidated balance sheet, the amount of noncontrolling interest reported should be $74.200. 5869400 . 5867,200 5880000