Grower Supply Corporation holds 85 percent of the voting common stock of Schultz Company. At the end of \(20 \times 4\), Schultz Company had funds to invest and purchased 30 percent of the stock of Grower Supply Corporation. Schultz Company records dividends received from Grower Supply Corporation as dividend income. In 20X5, Grower Supply Corporation and Schultz Company reported income from their separate operations of \(\$ 112,000\) and \(\$ 50,000\) and paid dividends of \(\$ 70,000\) and \(\$ 30,000\), respectively.

\section*{Required}

Compute the amount reported as consolidated net income and as income assigned to the noncontrolling interest for 20X5 under

(a) the treasury stock method and

(b) the entity approach.