A Company owns 75% of B Company and 40% of C Company. B Company owns 40% of C Company. The following information was assembled at December 31, Year 7.

	A Company			B Company			C Company
Cash	$	118,900		$	50,400		$	21,100
Accounts receivable		222,000			122,000			55,000
Inventory		299,000			228,000			69,000
Investment in C		65,790			92,040			—
Investment in B		907,830			—			—
Property, plant, and equipment		2,800,000			2,100,000			220,000
Accumulated depreciation		(1,010,000)			(582,000)			(99,000)
	$	3,403,520		$	2,010,440		$	266,100
Accounts payable	$	118,000		$	99,000		$	5,000
Bonds payable		800,000			700,000			—
Preferred shares		-			50,000			—
Common shares		1,200,000			400,000			200,000
Retained earnings, January 1		1,214,720			695,440			30,100
Net income		129,800			66,000			31,000
Dividends		(59,000)			—			—
	$	3,403,520		$	2,010,440		$	266,100

Additional Information

• A Company purchased its 40% interest in C Company on January 1, Year 4. On that date, the negative acquisition differential of $37,500 on the 40% investment was allocated to equipment with an estimated useful life of 10 years.
• A Company purchased its 75% of B Company’s common shares on January 1, Year 6. On that date, the 100% implied acquisition differential was allocated $40,000 to buildings with an estimated useful life of 20 years, and $88,000 to patents to be amortized over eight years. The preferred shares of B Company are non-cumulative.
• On January 1, Year 6, B Company's accumulated depreciation was $450,000.
• On January 1, Year 7, B Company purchased its 40% interest in C Company for $92,040. The carrying amount of C Company’s identifiable net assets approximated fair value on this date and C Company's accumulated depreciation was $68,900.
• The inventory of B Company contains a profit of $6,800 on merchandise purchased from A Company. The inventory of A Company contains a profit of $6,300 on merchandise purchased from C Company.
• On December 31, Year 7, A Company owes $31,000 to C Company and B Company owes $3,500 to A Company.
• Both A Company and B Company use the equity method to account for their investments but have made no equity method adjustments in Year 7.
• An income tax rate of 40% is used for consolidation purposes.

Required:

(a) Calculate non-controlling interest’s share of consolidated net income for Year 7. (Round your intermediate computations to nearest whole dollar value. Omit $ sign in your response.)

Non-controlling interest’s share of consolidated net income           $

(b) Prepare a consolidated statement of retained earnings for Year 7. (Round your intermediate computations to nearest whole dollar value. Input all values as positive numbers. Omit $ sign in your response.)

A Company
Consolidated Retained Earnings Statement
For the Year Ended December 31, Year 7
Balance Jan. 1	$
Net income
Less: Dividends
Balance Dec. 31	$

(c) Prepare a consolidated balance sheet as at December 31, Year 7. (Amounts to be deducted should be indicated by a minus sign. Round your intermediate computations to nearest whole dollar value.)