On January 1, 2020, Corgan Company acquired 70 percent of the outstanding voting stock of Smashing, Inc., for a total of $1,155,000 in cash and other consideration. At the acquisition date, what is the value of the noncontrolling interest in Smashing, Inc., on the acquisition date?
A) $330,000
B) $335,000
C) $340,000
D) $345,000