PUERT On December 31, 2020. P Company purchased a controlling interest in s Company for $1.000.000. The constated balance sheet on December 31, 2020 reported noncontrolling interest in s Company of $265.000 On the date of acquisition, the stockholders' equity section of Company's balance sheet was as follows: Common stock $520,000 Other contributed capital $380.000 Retained earnings $280,000 Total $1.180,000 Required: 1. Compute the noncontrolling interest percentage on December 31, 2020 Noncontrolling Interest Percentage is: 2. Prepare the investment elimination entry made to prepare a consolidated balance sheet workpaper. Any difference between book value and the value implied by the purchase price relates to subsidiary PP&E Debit Credit als