Consolidation subsequent to date of acquisition-Equity method with noncontrolling interest and AAP Assume, on January 1,2018 , a parent company acquired a 90% interest in its subsidiary. The total fair value of the controlling and noncontrolling interest was $660,000 over the bool value of the subsidiary's Stockholders' Equity on the acquisition date. The parent assigned the excess to the following [A] assets: f. Independently calculate consolidated net income, controlling interest net income and noncontrolling interest net income. Note: Use a negative signs with your answer to indicate a reduction to net income