E 9-10 Prepare computations (subsidiary stock mutually held, no unrealized profits)

Intercompany investment percentages and 2016 earnings for three affiliates are as follows:

Percentage Interest in Sad Percentage Interest in Two Separate Earnings Pad Corporation 70% — $400,000 Sad Corporation — 80% 240,000 Two Corporation 10% — 160,000 REQuIRED: Compute controlling share of consolidated net income and noncontrolling interest share for 2016.