1.Parent purchased an 80% interest in Sub several years ago and paying 500,000 more than the Subs stockholders equity on the acquisition date. The excess was assigned to a building (200,000) with a remaining life of 20 years and a patent (300,000) with a remaining life of 10 years. Sales for the current year were reported as 12,000,000 and 1,200,000 for parent and sub, respectively, with reported gross profit being 3,600,000 for Parent and 480,000 for Sub. Operating expenses were 2,280,000 for Parent and 312,000 for Sub. What amount would appear on Parents trial balance for Equity Income from Investment in Sub?

2.Parent acquired 80% of Sub on January 1, 2014, at which time Stockholders Equity of Sub was 600,000. The annual depreciation and amortization expense on the AAP assets of 50,000 was calculated to be 20,000. During 2014, Sub had net income of 125,000. What was the net income attributable to the noncontrolling interest for the year ending December 31, 2014?