On April 1, Pam, Incorporated, exchanges $488,500for70 percent of the outstanding stock of Ride Corporation. The remaining 30 percent of the outstanding shares continued to trade at a collective fair value of $179,000. Ride identifiable assets and liabilities each had book values that equaled their fair values on April 1 for a net total of $515,000. During the remainder of the year, Ride generates revenues of $731,000 and expenses of $393,000 and declared no dividends. On a December 31 consolidated balance sheet, what amount should be reported as noncontrolling interest?

Please do not use A.I to answer. It has been wrong.