Income statement information for 2016 for Pam Corporation and its 60 percent-owned subsidiary, Sun Corporation, is as follows:
_____________________ Pam ___________ Sun
Sales ........................ $900 ............... $350
Cost of sales ............... 400 ................. 250
Gross profit ................. 500 ................. 100
Operating expenses ...... 250 .................. 50
Sun's net income .............................. $ 50
Pam's separate income ... $250
Intercompany sales for 2016 are upstream (from Sun to Pam) and total $100,000. Pam's December 31, 2015, and December 31, 2016, inventories contain unrealized profits of $5,000 and $10,000, respectively.
Required
1. Compute non-controlling interest share for 2016.
2. Compute consolidated sales, cost of sales, and total consolidated net income for 2016?