P company owns 85% of S company. On 1/1 NCI balance is 36000 JD, company S reports net income 14000 JD and declared dividends 3000 JD. Compute NCI balance on 31/12. Answer: On 1/1/2019, Company Pacquired 80% of S company and uses the cost method, the Implied value (IV) is 200000 JD. On date of purchase, RE balance for S company is 60000 JD. RE balance for S company on 1/1/2020 is 80000 JD. RE balance for S company on 1/1/2021 is 90000 JD. Compute NCI balance on 1/1/2021