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McGuire Company acquired 90 percent of Hogan Company on January 1, 2019, for $234,000 cash. This amount is reflective of Hogan's total acquisition-date fair value. Hogan's stockholders' equity consisted of common stock of $160,000 and retained earnings of $80,000. An analysis of Hogan's net assets revealed the following: Fair Value $ 8,000 18,000 12,000 Book Value Buildings (10-year life) Equipment (4-year life) Land $10,000 14,000 5,000 Any excess consideration transferred over fair value is attributable to an unamortized patent with a useful life of 5 years. The acquisition value attributable to the noncontrolling interest at January 1, 2019 is