1. P owns 70% of S1 and 40% of S2, Si.owns 50% of S2. In 2020, P, S1 and S2 reported $40,000, $30,000, and $20,000 of income, respectively, before calculating equity income or adjusting for intercompany exchanges. On 1/1 2020, Si sold equipment with a 5 year remaining life to P resulting in a $15,000 gain. An analysis of 2020 intercompany inventory sales shows that S2's inventory includes $4,000 of unrealized gross profit on goods purchased from S1 and Si inventory includes $6,000 of unrealized gross profit on goods purchased from P. Compute: CNI Non-controlling interest income Income applicable to the controlling interest