Exercise 4-12 The following accounts appeared in the separate financial statements at the end of 2014 for Pressing Inc. and its wholly-owned subsidiary, Stressing Inc. Stressing was acquired in 2009. Stressing Inc. Investment in subsidiary Dividends receivable Dividends payable Common stock Other contributed capital Retained earnings, 12/31/14 Dividends declared Equity in net loss of subsidiary Retained earnings at 1/1/14 Pressing Inc. 679,180 4,590 21,500 286,100 458,200 540,600 (70,080 ) (53,580) 400,870 4,590 19,260 403,120 256,800 (23,220) Compute controlling interest in consolidated income. Controlling Interest $