Sanderson Corporation acquired 65 percent of Kline Corporations common stock on January 1, 20X7, for $263,900 in cash. At the acquisition date, the book values and fair values of Klines assets and liabilities were equal, and the fair value of the noncontrolling interest was equal to 35 percent of the total book value of Kline. The stockholders equity accounts of the two companies at the date of purchase are:

	Sanderson Corporation			Kline Corporation
Common Stock ($10 par value)	$	393,000		$	182,000
Additional Paid-In Capital		222,000			67,000
Retained Earnings		367,000			157,000
Total Stockholders Equity	$	982,000		$	406,000

What amount will be assigned to the noncontrolling interest on January 1, 20X7, in the consolidated balance sheet?

Prepare the stockholders equity section of Sanderson and Klines consolidated balance sheet as of January 1, 20X7.