19. In 2012, parent reports Cost of Goods Sold of $4,000,000. Its 90% owned subsidiary reports Cost of Goods Sold of $1,000,000 in 2012. During 2011 the subsidiary had $60,000 of unrealized gains on intercompany sales to its parent. In 2012, the subsidiary had sold $200,000 of goods to its parent and had $30,000 of unrealized gains. How much is consolidated cost of goods sold in 2012?

20. Same facts as problem 19. Assume in 2012 the subsidiary had net income of $150,000. What is the noncontrolling interest in subsidiary net income in 2012?