Consolidated net income and net income attributable to the noncontrolling interest Assume that on January 1,2012, a parent company acquired a 70% interest in a subsidiary's voting common stock. On the date of acquisition, the fair value of the subsidiary's net assets equaled their reported book values except for machinery and equipment, which had a fair value of $460,000 and a reported book value of $250,000. The machinery and equipment had a 5 year remaining useful life and no salvage value. The following are the highly summarized pre-consolidation income statements of the parent and subsidiary for the year ended December 31, 2013: For the year ended December 31, 2013, what amounts will be reported for (1) consolidated net income and (2) net income attributable to the noncontrolling interest, respectively, in the parent's consolidated financial statements? $816,400 and $30,600 $822,000 and $30,600 $822,000 and $43,200 $935,400 and $43,200