Redgrapes has a 60% ownership interest in EHC, which it controls. On 1 January 20X1, Redgrapes acquires an additional 20% interest in EHC. On 1 January 20X1, the non-controlling interest in EHC had a value of 700. Redgrapes paid 500 for the additional 20% interest in EHC. Which of the following statements is correct? Redgrapes recognizes a decrease in non-controlling interest of 350 and a decrease in cash of 500. The remaining 150 is recognized as a reduction of the parent's equity. Redgrapes recognizes a decrease in non-controlling interest of 500 and a decrease in cash of 500. Redgrapes recognizes a decrease in non-controlling interest of 350 and a decrease in cash of 500. The remaining 150 is recognized as goodwill. Redgrapes recognizes a decrease in non-controlling interest of 350 and a decrease in goodwill of 500. The remaining 150 is recognized as a reduction of equity.