City Touring Company holds 70 percent ownership of Country Playgrounds Inc. and uses the cost method in accounting for its investment. During 20X5, Country Playgrounds reported net income of \(\$ 70,000\) and paid dividends of \(\$ 40,000\). City Touring reported net income (including dividend income) of \(\$ 130,000\) and paid dividends of \(\$ 50,000\). There was no differential at the time of investment.

\section*{Required}

a. What amount of consolidated net income will be reported for 20X5?

\(b\). What amount of income will be assigned to the noncontrolling interest in the consolidated income statement?

c. What additional factors must be known to compute consolidated retained earnings for December \(31,20 \times 5\) ?