Padre Co. purchased an 80% interest in Sierra Co. on 1/1/20X1. The total acquisition price for the 80% interest in Sierra Co. is $780,000. The consideration transferred by Padre provided a reasonable basis for assessing the total 1/1//20X1 fair value of Sierra. Assume there is $10,000 of total amortization expense per year, and there is a $70,000 total increase to retained earnings recorded on Sierras books during 20X1. Also assume Sierra records net income of $90,000 and shareholder dividends of $50,000 during 20X2. How much is the value of the investment in Sierra shown on Padres books using the equity method at 12/31/X2? How much is the noncontrolling interest value?