AA owns 65% of BB. You were provided with the following information for intercompany transactions between AA and BB during 2021.

On December 31, 2020 there was inventory in the warehouses of AA that was purchased from BB. The gross profit on this remaining inventory was $30,000 (before tax). All of this inventory was sold to outside parties in 2021.

On January 1, 2021, AA purchased inventory from BB. The gross profit was $12,000. Thirty-five percent of this inventory remained in the warehouses of AA at the end of 2021, with the remaining sold to outside parties during 2021.

Also on June 30, 2021 AA sold inventory to BB. The Gross profit before tax on this sale was $15,000. At the end of 2021, 40% of this inventory was still in the warehouses of BB.

On June 30, 2021 BB sold land for a before tax gain of $50,000. None of the land was sold to outsiders during 2021.

The opening balance of the Non-Controlling Interest (NCI) on January 1, 2021 was $50,000.

For the two questions you answer, consider them independent of each other.

Assuming the BB had a net income after tax of $245,000 at the end of 2021, calculate the adjusted Non-Controlling Interest (NCI) share of consolidated Net Income after tax, considering all adjustments for intercompany transactions? Assume a 40% tax rate