On May 1. White Co exchanges $500,000 fair-value consideration for 75% of the outstanding stock of Black Inc. the remaining 25% of the outstanding shares continued to trade at a collective fair value of $180,000. Black's identifiable assets and liabilities each had book values that equaled their fair values on May 1 for a net total of $600,000. During the remainder of the year, Black generates revenues of $800,000 and expenses of $340,000 and paid no dividends. On a December 31 consolidated balance sheet, what amount should be reported as non-controlling interest? $150.000 $265.000 $295,000 $460,000