On April 1, Pacoima, Inc., exchanges $600,000 fair-value consideration for 60% of the outstanding stock of Sepulveda Co. The remaining 40% of the outstanding shares continued to trade at a collective fair value of $280,000. Sepulveda's identifiable assets and liabilities each had book values that equaled their fair values on April 1 for a net total of $550,000. During the remainder of the year, Sepulveda generates revenues of $800,000 and expenses of $650,000 and declared no dividends. On a December 31 consolidated balance sheet, what amount should be reported as noncontrolling interest