Carson, Inc., acquires 80 percent of the outstanding common stock of Gardena corporation on January 1, 2020, in exchange for $900,000 cash. At the acquisition date, Gardena's total fair value, including the noncontrolling interest, was assessed at $1,125,000. Also at the acquisition date, Gardena's book value was $690,000. Several individual items on Gardena's financial records had fair values that differed from their book values as follows:

								Book value		Fair value
Trademark (indefinite life)								$360,000		$383,000
Property and equipment (net, 8-year remaining useful life)								290,000		330,000
Patent (14-year remaining useful life)								132,000		272,000

For internal reporting purposes, Carson, inc., employs the equity method to account for this investment. The following account balances are for the year

ending December 31, 2020, for both companies. At year-end, there were no intra-entity receivables or payables.

Please explain in detail

19.What is the net income attributable to noncontrolling interests of Gardena at December 31, 2020?

20.What is the net income attributable to controlling interests of Gardena at December 31, 2020?

For internal reporting purposes, Carson, inc., employs the equity method to account for this investment. The following account balances are for the year ending December 31, 2020, for both companies. At year-end, there were no intra-entity receivables or payables. Revenues Cost of goods sold Depreciation expense Amortization expense Equity in income of Gardena Net income Carson Gardena ($1,400,000) ($825,000) 774,000 395,750 328,000 36,250 0 28,000 ($280,000) 0 ($578,000) ($365,000) Retained earnings (1/1/2020) Net income Dividends declared Retained earnings (12/31/2020) ($1,275,000) ($578,000) 300,000 ($1,553,000) ($530,000) ($365,000) 50,000 ($845,000) Current assets Investment in Gardena Trademark Property and equipment (net) Patents Total assets Accounts payable Common stock Additional paid-in capital Retained earnings (12/31/2020) Total liabilities and equities $860,000 1,140,000 240,000 1,030,000 0 3,270,000 ($142,000) ($300,000) ($1,275,000) ($1,553,000) ($3,270,000) $432,250 0 360,000 253,750 104,000 1,150,000 ($145,000) ($120,000) ($40,000) ($845,000) ($1,150,000)