A Corporation owns 90 percent of B Corporation's common stock and 60 percent of C Corporation's common stock. Additionally, B Corporation owns 40 percent of C Corporation's common stock. The acquisitions were made at book values. The following information is available for 2020:

	A	B	C
Operating Income (before equity income)	120,000	60,000	40,000
Dividends declared	30,000	20,000	10,000

Based on the information provided,

1. What amount of consolidated net income will be reported for 2020?
2. What amount of income will be assigned to the noncontrolling interest in the 2020 consolidated income statement?
3. What amount of income will be assigned to the controlling interest in the 2020 consolidated income statement?
4. What amount will be reported as dividends declared in 2020 consolidated retained earnings statement?