On January 1, 2013, Riney Co. owned 80% of the common stock of Garvin Co. On that date, Garvin's stockholders' equity accounts had the following balances: $\begin{array}{lr}
\text { Common stock ( } \$ 5 \text { par value) } & \$ 250,000 \
\text { Additional paid-in capital } & 110,000 \
\text { Retained earnings } & 330,000 \
\text { Total stockholders' equity } & \$ 690,000 \
\end{array}$ The balance in Riney's Investment in Garvin Co. account was $552,000, and the non-controlling interest was $138,000. On January 1, 2013, Garvin Co. sold 10,000 shares of previously unissued common stock for $15 per share. Riney did not acquire any of these shares. What is the balance in Non-controlling Interest in Garvin Co. after the sale of the 10,000 shares of common stock?
A)$138,000.
B)$101,000.
C)$280,000.
D)$230,000.
E)$168,000.

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The Answer of On January 1, 2013, Riney Co. owned 80% of the common stock of Garvin Co. On that date, Garvin's stockholders' equity accounts had the following balances: $\begin{array}{lr}
\text { Common stock ( } \$ 5 \text { par value) } & \$ 250,000 \
\text { Additional paid-in capital } & 110,000 \
\text { Retained earnings } & 330,000 \
\text { Total stockholders' equity } & \$ 690,000 \
\end{array}$ The balance in Riney's Investment in Garvin Co. account was $552,000, and the non-controlling interest was $138,000. On January 1, 2013, Garvin Co. sold 10,000 shares of previously unissued common stock for $15 per share. Riney did not acquire any of these shares. What is the balance in Non-controlling Interest in Garvin Co. after the sale of the 10,000 shares of common stock?
A)$138,000.
B)$101,000.
C)$280,000.
D)$230,000.
E)$168,000.

On January 1, 2013, Riney Co The Balance in Riney's Investment in Garvin Co