On 30 June 2002 H acquired 80% of the share capital of S.
Extracts from the balance sheets of S at 30 June 2002 and 30 June 2006 are shown below:
                                                                          S balance sheets
                                                              30 June 2002           30 June 2006
                                                                         $                                $
Ordinary share capital                              1,000,000                    1,000,000
Share premium account                               400,000                       400,000
Retained earnings                                    4,700,000                     5,600,000
What figure for minority interest should appear in the consolidated balance sheet as at 30 June 2006?
A   $460,000
B   $200,000
C   $1,120,000
D   $1,400,000

D