Home Products Corporation sells a broad line of home detergent products. Home Products owns 75 percent of the stock of Level Brothers Soap Company. During 20X8, Level Brothers sold soap products to Home Products for \(\$ 180,000\), which it had produced for \(\$ 120,000\). Home Products sold \(\$ 150,000\) of its purchase from Level Brothers in \(20 \mathrm{X} 8\) and the remainder in 20X9. In addition, Home Products purchased \(\$ 240.000\) of inventory from Level Brothers in 20X9 and resold \(\$ 90,000\) of the items before year-end. The cost to Level Brothers of producing the items sold to Home Products in \(20 \mathrm{X} 9\) was \(\$ 160.000\). Both companies use periodic inventory systems.

\section*{Required}

a. Give all workpaper eliminating entries needed for December \(31,20 \mathrm{X} 9\), to remove the effects of the intercompany inventory transfers in 20X8 and 20X9.

b. Compute the amount of income assigned to noncontrolling shareholders in the 20X8 and 20X9 consolidated income statements if Level Brothers reported net income of \(\$ 350,000\) for \(20 \mathrm{X} 8\) and \(\$ 420,000\) in \(20 \mathrm{X} 9\).