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Required Informatlon [The following information applies to the questions displayed below.) On January 1, Jarel acquired 80 percent of the outstanding voting stock of Suarez for $260,000 cash consideration. The remaining 20 percent of Suarez had an acquisition date fair value of $65,000. On January 1, Suarez possessed equipment (five-year remaining life) that was undervalued on its books by $25,000. Suarez also had developed several secret formulas that Jarel assessed at $50,000. These formulas, although not recorded on Suarez's financial records, were estimated to have a 20-year future life. As of December 31, the financial statements appeared as follows: $ Jarel (300,000) 140,000 20.000 (140,000) (300,000) (140,000) Suarez $200,000) 80,000 10,000 $(110,000) $(158,900) (118,000) $ $ Revenues Cost of goods sold Expenses Net income Retained earnings, 1/1 Net income Dividends declared Retained earnings, 12/31 Cash and receivables Inventory Investment in Suarez Equipment (net Total assets Liabilities Common stock Retained earnings, 12/31 Total liabilities and equities $(260,000) $ 90,900 119, Bee $ (440,980) $ 210, 980 150,000 260, 808 448.00 $ 1,868,999 (420, 800) (200,000) (448,880) $ (1,860,000) 300,000 $ 500,000 $(148, 908) (108.000 ( 268,000 $(508,880) Included in the preceding statements, Jarel sold inventory costing $80,000 to Suarez for $100,000. Of these goods, Suarez still owns 60 percent on December 31 What is the consolidated total of noncontrolling interest appearing on the balance sheet? Multiple Choice O $87,000 $70.500 $85.500 $83.100 Required Informatlon [The following information applies to the questions displayed below.) On January 1, Jarel acquired 80 percent of the outstanding voting stock of Suarez for $260,000 cash consideration. The remaining 20 percent of Suarez had an acquisition date fair value of $65,000. On January 1, Suarez possessed equipment (five-year remaining life) that was undervalued on its books by $25,000. Suarez also had developed several secret formulas that Jarel assessed at $50,000. These formulas, although not recorded on Suarez's financial records, were estimated to have a 20-year future life. As of December 31, the financial statements appeared as follows: $ Jarel (300,000) 140,000 20.000 (140,000) (300,000) (140,000) Suarez $200,000) 80,000 10,000 $(110,000) $(158,900) (118,000) $ $ Revenues Cost of goods sold Expenses Net income Retained earnings, 1/1 Net income Dividends declared Retained earnings, 12/31 Cash and receivables Inventory Investment in Suarez Equipment (net Total assets Liabilities Common stock Retained earnings, 12/31 Total liabilities and equities $(260,000) $ 90,900 119, Bee $ (440,980) $ 210, 980 150,000 260, 808 448.00 $ 1,868,999 (420, 800) (200,000) (448,880) $ (1,860,000) 300,000 $ 500,000 $(148, 908) (108.000 ( 268,000 $(508,880) Included in the preceding statements, Jarel sold inventory costing $80,000 to Suarez for $100,000. Of these goods, Suarez still owns 60 percent on December 31 What is the consolidated total of noncontrolling interest appearing on the balance sheet? Multiple Choice O $87,000 $70.500 $85.500 $83.100