Alton Incorporated owns $80\%$ of the voting stock of Edinburg Company. The purchase price exceeded the underlying book value of Edinburg Company$$s assets and liabilities by $$30,000.$ At the same time, Edinburg holds a $30\%$ interest in the outstanding common stock of Alton. The Alton stock was purchased at a price which exceeds the underlying book value by $$20,000.$ Each company uses the cost method to account for its investment in the other. During the current year, the following information was obtained:

Company Operating Income Dividend Income Total Income

Alton Incorporated $ $320,000$ $ $64,000$ $ $384,000$

Edinburg Company $ $120,000$ $ $60,000$ $ $180,000$

All dividend income recognized by the two companies is due to investment in the other company. If the treasury stock method is used, what amount would be recorded in the consolidated financial statements as the noncontrolling interest in Edinburg's income?