On January 1, Jarel acquired 80 percent of the outstanding voting stock of Suarez for $260,000 cash consideration. The remaining 20 percent of Suarez had an acquisition date fair value of $65,000. On...

On January 1, Jarel acquired 80 percent of the outstanding voting stock of Suarez for $260,000 cash
consideration. The remaining 20 percent of Suarez had an acquisition date fair value of $65,000. On
January 1, Suarez possessed equipment (five-year remaining life) that was undervalued on its books by
$25,000. Suarez also had developed several secret formulas that Jarel assessed at $50,000. These formulas, although not recorded on Suarez’s financial records, were estimated to have a 20-year future life.
As of December 31, the financial statements appeared as follows:

 Included in the above statements, Jarel sold inventory costing $80,000 to Suarez for $100,000. Of these goods, Suarez still owns 60 percent on December 31.Choose the correct. What is the consolidated total of noncontrolling interest appearing on the balance sheet?
a. $85,500
b. $83,100
c. $87,000
d. $70,500