How do you get 205,000?

s investment in Sar balance at December 31, 2013, under the eqn Pr E 4-4 Equity method thousands) Info me ty accounts of Pen Corporation and Sin Corporation at December 31, 2010, were as follows (n Pen Sin Corporation Corporation $1,000 200 Capital stock Retained earnings $2,400 1,000 $3.400 Total 1, 2011, Pen Corporation acquired an 80 percent interest in Sin Corporation for $1,160,000. The nt being undervalued by $100,000 and unrecorded patents. excess fair value was due to Sin Corporation's equipme The undervalued over 10 years. equipment had a five-year remaining useful life when Pen acquired its interest. Patents are amortized The income and dividends of Pen and Sin are as follows (in thousands): Pen Sin 2011 2012 2011 2012 Net income $680 $700 $240 $300 160 180 Dividends 480 500 REQUIRED: Assume that Pen Corporation uses the equity method of accounting for its investment in Sin. 1. Determine consolidated net income for Pen Corporation and Subsidiary for 2011. 2. Compute the balance of Pen's Investment in Sin account at December 31, 2011. 3. Compute noncontrolling interest share for 2011. 4. Compute noncontrolling interest at December 31, 2012