Mickelson Company acquired an 80% interest in Footjoy on January 1, Year 1, for $1,400,000. The book value of Footjoy’s identifiable net assets at that date was $1,100,000. One depreciable asset (10-year life) had a fair value that exceeded its book value by $150,000. Footjoy reported $90,000 of net income in Year 1 and paid $36,000 in dividends. What was the noncontrolling interest in net assets as of the date of December 31, Year 1?