2016 Controlling inhterest! pls

Current Attempt in Progress On May 1, 2015. Peters Company purchased 80% of the common stock of Smith Company for $50.400. Additional data concerning these two companies for the years 2015 and 2016 are: 2015 2016 Peters Smith Peters Smith Common stock $107.800 $24.200 $107.800 $24,200 Other contributed capital 36.900 9.600 36.900 9,600 Retained earnings, 1/1 86,300 10.500 138,200 52,400 Net income (loss) 68.400 44,100 40.100 (5.300) Cash dividends (11/30) 16,500 2.200 4.500 -O- Any difference between book value and the value implied by the purchase price relates to Smith Company's land. Peters Company uses the cost method to record its investment (b) Your answer is partially correct. Calculate controlling interest in consolidated net income and consolidated retained earnings for 2015 and 2016. 2015 2016 Controlling interest in consolidated net income $ 90160 $ 36500 Consolidated Retained Earnings $ 159960 $ 191320