Can you explain those answers??

Micron Corporation owns 75 percent of the common shares and 60 percent of the preferred shares of Stanley Company, all acquired at underlying book value on January 1, 20X8. At that date, the fair value of the noncontrolling interest in Stanley's common stock was equal to 25 percent of the book value of its common stock. The balance sheets of Micron and Stanley immediately after the acquisition contained these balances

Stanley's preferred stock pays a 12 percent dividend and is cumulative. For 20X8, Stanley reports net income of $40,000 and pays no dividends. Micron reports income from its separate operations of $75,000 and pays dividends of $30,000 during 20X8

17. Based on the preceding information, what is the income assigned to the noncontrolling interest in the 20X8 consolidated income statement? Answer is C. $11,800

18. Based on the preceding information, what amount of income is attributable to the controlling interest in the consolidated income statement for 20X8? Answer is D. $103,200

19. Based on the preceding information, what is the total stockholders' equity reported in the consolidated balance sheet as of January 1, 20X8? Answer is A. $450,000

20. Based on the preceding information, what amount is reported as preferred stock outstanding reported in the consolidated balance sheet as of January 1, 20X8? Answer is A. $0