HW Exercise 6-3 Computation of Noncontrolling Interest in Net Income: Peabody Company owns 90% of the outstanding stock of Sloane Company. During 2020 and 2021, Sloane Company sold merchandise to Peabody Company at a markup of 25% of selling price. The selling price of the merchandise sold during the two years was $20,800 and $25,000, respectively. At the end of the year, Peabody Company had in its inventory one-fourth of the goods purchased that year from Sloane. Sloane Company reported net income of $30,000 in 2020 and $35,000 in 2021. Required: Determine the amount of the noncontrolling interest in consolidated net income to be reported for 2020 and 2021