CHAPTER 9: INDIRECT AND MUTUAL HOLDINGS On January 1, 2022 Pan Pacific Company purchased 90 percent interest in Sunshine Corporation at book value (equal to fair value). At that time, Sunshine Corporation owned 70 percent interest Triangle Company and 60 percent interest in Windy Company (both are acquired at book value equal to fair value). There are no unrealized or constructive profits or losses from intercompany transactions. The following are the separate income and dividends for each company:

	Separate Income /(Loss)	Dividends
Pan Pacific Company	$ 1,240,000	$ 400,000
Sunshine Corporation	400,000	200,000
Triangle Company	350,000	160,000
Windy Company	(100,000)	-

REQUIRED:

Determine the controlling and non-controlling interest share of consolidated net income for 2022.

Determine Pan Pacifics income from Sunshine and dividend received from Sunshine.

( please give me correct answer with detailed solution)