On January 1, 20X7, Water Limited purchased 700,000 shares of Bottle Inc. for $2.8 million. On January 1, 20X9, Water sold 150,000 shares of Bottle for $700,000. During the entire period Bottle had 1,000,000 shares outstanding. Water accounts for its investment in Bottle under the equity method. The following information was extracted from the financial records of Bottle:

\begin{array} { | l | l | l | l | } \hline & \text { lanuary 1, } & \text { Tanuary 1, } & \text { December } 31 , \\& 20 \times 7 & 0 \times 9 & 20 \times 10 \\\hline \text { Net carrying value of buildings } & \$ 3,560,000 & 3,320,000 & 3,320,000 \\\hline \text { Fair value of the buildings } & \$ 4,760,000 & 4,804,000 & 4,804,000 \\\hline \begin{array} { l } \text { Remaining useful life of } \\\text { buildings }\end{array} & 30 & 28 & 26 \\\hline \text { Common shares } & \$ 1,000,000 & \$ 1,000,000 & \$ 1,000,000 \\\hline \text { Retained earnings } & \$ 1,500,000 & 1,820,000 & 2,200,000 \\\hline\end{array}

All net identifiable assets had a fair value equal to their carrying value on the date of acquisition except the buildings. There is no goodwill reported on the separate entity financial statements of Water or Bottle. There have been no intercompany transactions between Water and Bottle.
Required:
Calculate the balances of the following accounts on the consolidated statement of financial position at December 31, 20X10, under the parent-company extension method:
a. Goodwill
b. NCI
Determine the adjustment to equity required.

When a Subsidiary Issues Shares, ________

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