1.On January 1, 2021 Big acquires 70% of Small. At acquisition date, the book value of all of Smalls assets and liabilities equaled their fair value with the exception of Machinery (5 year remaining life) that had a book value of $100,000 and a fair value of $165,000. For full year 2021, Small has net income of $200,000. How much is the noncontrolling interest share of Smalls net income for 2021?

2.Parent owns 90% of subsidiary. In 2019 parent paid dividends of $100,000 and subsidiary paid dividends of $40,000. How much are consolidated dividends?