Gargiulo Company, a 80% owned subsidiary of Posito Corporation, transfers inventory to Posito at a 30% gross profit rate. The following data are available pertaining specifically to Positos intra-entity purchases from Gargiulo. Gargiulo was acquired on January 1, 2017.

	2017	2018	2019
Purchases by Posito	$8,000	$12,000	$15,000
Ending inventory on Positos books	2,400	3,000	6,000

Assume the equity method is used. The following data are available pertaining to Gargiulos income and dividends.

	2017	2018	2019
Gargiulos net income	$80,000	$95,000	$98,000
Dividends paid by Gargiulo	10,000	10,000	15,000

1. Compute the equity in earnings of Gargiulo reported on Posito's books for 2017.

2. Compute the equity in earnings of Gargiulo reported on Posito's books for 2018.

3. Compute the equity in earnings of Gargiulo reported on Posito's books for 2019.

4. Assuming there are no excess amortizations associated with the consolidation, and no other intra-entity asset transfers, compute the net income attributable to the noncontrolling interest of Gargiulo for 2017.