Reyes Company acquires 70% of Landers Company for $550,000 on January 1, 2019. Landers reported common stock of $380,000 and retained earnings of $195,000 on that date. Equipment was undervalued by $45,000 and buildings were undervalued by $52,000, 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.

Landers earns income and pays dividends as follows:

	2019				2020				2021
Net income	$	110,000			$	135,000			$	147,000
Dividends		45,000				50,000				55,000

Assume the partial equity method is applied.

Compute the noncontrolling interest in Landers at December 31, 2020.