Palm Resorts acquired its 70 percent interest in Sun City on January 1, 2014, for \($35,200,000.\) The fair value of the 30 percent non-controlling interest at the date of acquisition was \($9,800,000.\) Sun City's date-of-acquisition reported net assets of \($3,000,000\) were carried at amounts approximating fair value, but it had unrecorded identifiable intangibles, capitalizable per ASC Topic 805, valued at \($5,000,000.\) These intangibles are determined to have limited lives, amortized on a straight-line basis over five years. It is now December 31, 2017, and Sun City reports net income of \($8,000,000. \)

Required 

Calculate equity in net income and the noncontrolling interest in net income for 2017, assuming goodwill from this acquisition is impaired by \($2,000,000\) in 2017.