19) Plock Corporation, the 75% owner of Seraphim Company, reported net income of $400,000 in 2011, prior to recording any income from Seraphim. Seraphim reported net income for that same year of $80,000 on their stand-alone statements. During 2011 , an intercompany sale of a vehicle resulted in a gain of $4,000, and the vehicle was assumed to have a fouryear remaining useful life. The vehicle has no salvage value. Straight-line depreciation is used. Required: 1. Assuming that the vehicle transfer was downstream, calculate Plock's consolidated net income for 2011, and controlling share of consolidated net income for 2011. 2. Assuming that the vehicle transfer was upstream, calculate Plock