On January 3, 20X9, Pleat Company acquired 80 percent of Stitch Corporation's common stock for $344,000 in cash. At the acquisition date, the book values and fair values of Stitch's assets and liabilities were equal, and the fair value of the noncontrolling interest was equal to 20 percent of the total book value of Stitch. The stockholders' equity accounts of the two companies at the acquisition date are:

	Pleat	Stitch
Common Stock ($5 par value)	$500,000	$200,000
Additional Paid-In Capital	300,000	80,000
Retained Earnings	350,000	150,000
Total Stockholders' Equity	$1,150,000	$430,000

Noncontrolling interest was assigned income of $11,000 in Pleat's consolidated income statement for 20X9.

A) Based on the preceding information, what amount will be assigned to the noncontrolling interest on January 3, 20X9, in the consolidated balance sheet?

$86,000

$50,000

$44,000

$68,800

B) Based on the preceding information, what will be the amount of net income reported by Stitch Corporation in 20X9?

$55,000

$66,000

$36,000

$44,000

C) Based on the preceding information, what is the total stockholders' equity in the consolidated balance sheet as of January 3, 20X9?

$1,064,000

$1,236,000

$1,580,000

$1,150,000