E 9-2 Income allocation schedule Magadha Corporation owns a 75 percent interest in Shiva Corporation and a 90 percent interest in Bhima Corporation.

Bhima, in turn, owns a 25 percent interest in Shiva. Separate income and loss data for the three affiliates for 2016 are as follows:

Magadha $1,200,000 separate income (not including investment income)

Shiva ($500,000) separate loss (not including investment income)

Bhima $800,000 separate income (not including investment income)

There is no other information given for income consideration.

REQuIRED: Prepare the income allocation schedule to show controlling and non-controlling shares for 2016.