P Corporation paid $440,000 for 80% of S Corporation's $10 par common stock on December 31 , 206, when S Corporation's stockholders' equity was made up of $300,000 of Common Stock, $100,000 of Other Contributed Capital and $50,000 of Retained Earnings. S's identifiable assets and liabilities reflected their fair values on December 31,206, except for S 's inventory which was undervalued by $35,000 and their land which was undervalued by $25,000. Balance sheets for P and S immediately after the business combination are presented below. swer the following questions by selecting the best response from the dropdown menu. - The amount of noncontrolling interest on the consolidated balance sheet should be: - Total assets of the consolidated entity shou [Select ] - $0 $100,000 $88,000 $110,000 Insaction wou