Park Company acquired an 80% interest in the common stock of Southdale Company for $1,540,000 on July 1, 2016. Southdale Company's stockholders' equity on that date consisted of: 
Required:
Compute the total noncontrolling interest to be reported in the consolidated balance sheet assuming the:
(1) parent company concept.
(2) economic unit concept.
Definitions:
High-Level Languages
Programming languages that are more abstract, easier to use, and closer to human languages than machine code, facilitating easier software development.
Machine Languages
Low-level programming languages that are directly executed by a computer's CPU.
Compiled Language
A programming language whose code must be translated (compiled) into executable machine code before it can be run.
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