Corporation owns an 80 percent interest in Sink Corporation and at December 31, 2011, Pink's investment in Sink on an equity basis was equal to 80 percent of Sink's stockholders' equity. During 2012, Sink sells merchandise to Pink for $200,000, at a gross profit to Sink of $40,000. At December 31, 2012, half of this merchandise is included in Pink's inventory. Separate incomes for Pink and SInk for 2012 are summarized as follows:

		Pink		Sink
Sales		$ 1,000,000		$ 600,000
Cost of sales		(500,000)		$ (400,000)
Gross profit		500,000		200,000
Operating expenses		(250,000)		$ (80,000)
Separate incomes		$ 250,000		$ 120,000

Required:

1. What is Pink's income from Sink in 2012?

2. What is the amount of consolidated cost of sales?

3. What is the amount of noncontrolling shares for 2012?