On January 1, 2013, Starling Corporation held an 80% interest in Twig Corporation and the investment account balance was $900,000. On January 1, 2013, Twig's total stockholders' equity was $1,125,000.
During 2013, Twig uniformly earned $234,000 and paid dividends of $37,500 on April 1 and again on October 1. On August 1, 2013, Starling sold 30% of its investment in Twig for $262,500, thereby reducing its interest in Twig to 56%.

Required: 

Compute the following using the actual sales date assumption:
1. Gain or loss on sale.
2. Income from Twig for 2013.
3. Noncontrolling interest share for 2013