What is the balance in Rineys investment in Garvin Co. account following the sale of the 10,000 shares of common stock? What amount should be attributed to the non-controlling interest in Garvin Co. following the sale of the 10,000 shares of common stock?

Required Information On January 1, 2018, Riney Co. owned 80% of the common stock of Garvin Co. On that date, Garvin's stockholders' equity accounts had the following balances: Common stock ($5 par value ) Additional paid-in capital $ 250, 000 110, 060 Retained earnings 330, 000 Total stockholders' equity $ 690, 000 The balance in Riney's Investment in Garvin Co. account was $552,000, and the noncontrolling interest was $138,000. On January 1, 2018, Garvin Co. sold 10.000 shares of previously unissued common stock for $15 per share. Riney did not acquire any of these shares. What is the balance in Riney's "Investment in Garvin Co. Account" following the sale of the 10,000 shares of common stock? Multiple Choice C $552,000