Pell Company acquires 80% of Demers Company for $500,000 on January 1 2019 Demers reported can stock $300 $210,000 on that date. Equipment was undervalued by $30,000 and buildings were undenated by $40000 ch by year consideration transferred over fair value was attributed to goodwill with an indefinite e Based on Demers earns income and pays dividends as follows 2819 2828 2821 Net income $100,000 $120,000 $130,000 Dividends 48,000 50,000 60,000 Compute the noncontrolling interest reported in the equity section of the consolidated baceted as a Multiple Choice $126.000 $109.200 $124,000 Eler