Consolidated net income of ($ 164,300) was reported for (20 mathrm{X} 2) by Tally Corporation and its

Question:

Consolidated net income of $\$ 164,300$ was reported for $20 \mathrm{X} 2$ by Tally Corporation and its subsidiary. Tally had purchased 60 percent of the common shares of its subsidiary at underlying book value. Noncontrolling interest was assigned income of $\$ 15.200$ in the consolidated income statement for $20 \mathrm{X} 2$.

\section*{Required}

Determine the amount of separate operating income reported by Tally Corporation for 20X2.

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