Save Question 2 (1 point) On January 1, 2010, Palm, Inc. purchased 80% of the stock of Stone Corp. for $4,000,000 cash. Prior to the acquisition, Stone had 100,000 shares of stock outstanding. On the date of acquisition, Stone's stock had a fair value of $52 per share. During the year Stone $280,000 in net income and paid dividends of $50,000. What is the balance in the noncontrolling interest account on Palm's balance sheet on December 31. 2010? reported $1,000,000 $1,086,000 $1,096,000 Save 31 MacBoo