On January 1, 2019, Polar Company, which owns an 80% interest in Superior Company, sold Superior Company equipment with a book value of $400,000 for $560,000. The equipment had an estimated remaining useful life of eight years on the date of the intercompany sale. Polar Company reported net income from its independent operations (including sales to affiliates) of $400,000, and Superior Company reported net income of $200,000 from its independent operations in 2019 and 2020.

Required:

Calculate the controlling interest in consolidated net income for the years ended December 31, 2019, and December 31, 2020.