Windsor Company acquired an $80\%$ interest in the common stock of Sheridan Company for $$1,541,800$ on July $1,2022.$ Sheridan Company's stockholders' equity on that date consisted of:

Common stock $$801,400$

Other contributed capital $400,400$

Retained earnings $332,300$

Compute the total noncontrolling interest to be reported in the consolidated balance sheet assuming the:

$(1)$ parent company concept.

$(2)$ economic unit concept.

Total Noncontrolling Interest

$(1)$ Parent company concept $

$(2)$ Economic unit concept $