QUESTION 30 Warren Buffett Company acquires 80% of Detroit Company for $600,000 on January 1, 2014 Detroit reported common stock of $300,000 and retained earnings of $210,000 on that date. Equipment was undervalued by 530,000 and buildings were undervalued by 540,000, each having a 10-year remaining life. Any excess consideration transferred over fair value was attributed to goodwill with an indefinite life. Based on an annual review.goodwill has not been impaired. Detroit earns income and pays dividends as follows: 2014 2015 2016 Net income $100,000 $120,000 $130,000 Dividends 40,000 50,000 60,000 Assume the EQUITY METHOD is applied. Compute the non-controlling interest (MI in NA) in Detroit at December 31, 2015.. 5173.2002 5143,200 5174,600 $148.200 None of the above