Problem 4-12 (Algo) (LO 4-4, 4-8) On April 1, Pujols, Inc., exchanges $612,250 for 70 percent of the outstanding stock of Ramirez Corporation. The remaining 30 percent of the outstanding shares continued to trade at a collective fair value of $245,250. Ramirez's identifiable assets and liabilities each had book values that equaled their fair values on April 1 for a net total of $747,500. During the remainder of the year, Ramirez generates revenues of $700,000 and expenses of $410,000 and declared no dividends. On a December 31 consolidated balance sheet, what amount should be reported as noncontrolling interest? Multiple Choice $332,250 $310,500 O $311,250. $349,390