Perch Co Acquired 80% of the Common Stock of Float Corp

Multiple Choice

Perch Co. acquired 80% of the common stock of Float Corp. for $1,600,000. The fair value of Float's net assets was $1,850,000, and the book value was $1,500,000. The non-controlling interest shares of Float Corp. are not actively traded.
What is the dollar amount of non-controlling interest that should appear in a consolidated balance sheet prepared at the date of acquisition?

A) $350,000.
B) $300,000.
C) $400,000.
D) $370,000.
E) $0.