3. Tillman, Inc. acquires an 85% interest in Demi Corporation. On the date of acquisition, the fair value of Demi Corporation's net assets equaled their reported book values except for machinery and equipment, which had a fair value of $780,000 and a reported book value of $325,000. The machinery and equipment had a 5-year remaining useful life and no salvage value. The following are the summarized pre-consolidation income statements of the Tillman and Demi for the year ended December 31, 2019: Demi 374,400 Revenues Equity Income Expenses Tillman 2,808,000 81,770 (1,872,000) (187,200) Net Income 1,017,770 187,200 REQUIRED: Calculate consolidated net income, net income attributable to controlling interest, and net income attributable to noncontrolling interests