On January 3, 20X9, Jane Company acquired 75 percent of Miller Company's outstanding common stock for cash. The fair value of the noncontrolling interest was equal to a proportionate share of the book value of Miller Company's net assets at the date of acquisition. Selected balance sheet data at December 31, 20X9, are as follows:

	Jane	Miller
Total Assets	$504,000	$216,000
Liabilities	$144,000	$72,000
Common Stock	120,000	60,000
Retained Earnings	240,000	84,000
	$504,000	$216,000

(1)

Based on the preceding information, what amount should be reported as noncontrolling interest in net assets in Jane Company's December 31, 20X9, consolidated balance sheet?

	$90,000
	$54,000
	$36,000
	$0

(1)

Based on the preceding information, what amount will Jane Company report as common stock outstanding in its consolidated balance sheet at December 31, 20X9?

	$120,000
	$180,000
	$156,000
	$264,000