unsure if i was right in part B

please show all work. thank you

Part 2: Problems X4 Problem 1 (10 Points) 34) On January 1, 2017, Prince Company purchased an 80% interest in the common stock of Sivet Company for $1,040,000, which was $60,000 greater than the book value of equity acquired. The difference between implied and book value relates to the subsidiary's land. The following information is from the consolidated retained earnings section of the consolidated statements workpaper for the year ended December 31, 2017: 1/01/17 retained earnings Net income Dividends declared 12/31/17 retained earnings SIVET COMPANY $300,000 220,000 (80,000) $440,000 CONSOLIDATED BALANCES $1,400,000 680,000 (140,000) $1.940.000 Sivet's stockholders' equity includes only common stock and retained earnings. Required: A. Prepare the workpaper eliminating entries for a consolidated statements workpaper on December 31, 2017. Prince uses the cost method. a (Problem I continued) B. Compute the total noncontrolling interest to be reported on the consolidated balance sheet on December 31, 2017. Porerrt 80% Purchase price 1,040,000 260,000 Book value 480,000 245,000 NCI 20% 1,040,000- Entire loc 1.300.000 1, 225, oog Difference allocated to land Balone 60,000 15,000 ] 75,000 (60,000 (15,000) (75,000) o