Ambrose Corporation owns 80 percent of Kroop Companys common stock, acquired at underlying book value on January 1, 20X4. At the acquisition date, the book values and fair values of Kroops assets and liabilities were equal, and the fair value of the noncontrolling interest was equal to 20 percent of the total book value of Kroop. The income statements for Ambrose and Kroop for 20X4 include the following amounts:

	Ambrose Corporation			Kroop Company
Sales	$	538,000		$	158,000
Dividend Income		11,200
Total Income	$	549,200		$	158,000
Less: Cost of Goods Sold	$	380,000		$	87,000
Depreciation Expense		31,000			19,000
Other Expenses		50,000			22,000
Total Expenses	$	461,000		$	128,000
Net Income	$	88,200		$	30,000

What amount would Ambrose report in its income statement as income from its investment in Kroop if Ambrose used equity-method accounting?

b.	What amount of income should be assigned to noncontrolling interest in the consolidated income statement for 20X4?

c.	What amount should Ambrose report as consolidated net income for 20X4?