Working backward from consolidated income statements. Dealco Corporation published a consolidated income statement for the year, shown in Exhibit 11.12. The unconsolidated affiliate retained 20 percent of its earnings of \(\$ 140\) million during the year, having paid out the rest as dividends. The consolidated subsidiary earned \(\$ 280\) million during the year and declared no dividends.

a. What percentage of the unconsolidated affiliate does Dealco Corporation own?

b. What dividends did Dealco Corporation receive from the unconsolidated affiliate during the year?

c. What percentage of the consolidated subsidiary does Dealco Corporation own?