Park Company acquired an 80% interest in the common stock of Southdale Company for $1,540,000 on July 1, 2016. Southdale Company's stockholders' equity on that date consisted of: Common stock $800,000 Other contributed capital Retained earnings 400,000 330,000 Required: Compute the total noncontrolling interest to be reported in the consolidated balance sheet assuming ther parent company concept. economic unit concept. (1) (2)