9) Changes in Ownership Interest: Parent corporation increases its ownership interest in its subsidiary, Sub Corporation, from 70% on January 1, 2011 to 90% at July 1, 2011. Subs income is assumed to be earned evenly throughout the year. Subs net income for 2011 is $200,000 and it declares dividends of $40,000 on March 1^st and $40,000 on September 1^st.

Show the allocation of Subs net income among controlling and non-controlling interest. Use the grid below for your calculations:

Allocation of Sets net income:
Controlling share of Sub's 2011 income:	Calculations	Amount
Non-Controlling share of Sub's 2011 income:	Calculations	Amount