I need help with section b

The following balances were taken from the records of Pharoah Company: Sheridan Company purchased 75\% of Pharoah Company's common stock on January 1, 2021 for $901,200. The difference between implied value and book value is attributable to assets with a remaining useful life on January 1,2023 of ten years. Your answer is correct. Compute the difference between cost/(implied) and book value applying: 1. Parent company theory. 2. Economic unit theory. Assuming the economic unit theory: 1. Compute noncontrolling interest in consolidated income for 2023. 2. Compute noncontrolling interest in net assets on December 31, 2023. 1. Noncontrolling interest in consolidated income \$ 2. Noncontrolling interest in net assets $ The following balances were taken from the records of Pharoah Company: Sheridan Company purchased 75\% of Pharoah Company's common stock on January 1, 2021 for $901,200. The difference between implied value and book value is attributable to assets with a remaining useful life on January 1,2023 of ten years. Your answer is correct. Compute the difference between cost/(implied) and book value applying: 1. Parent company theory. 2. Economic unit theory. Assuming the economic unit theory: 1. Compute noncontrolling interest in consolidated income for 2023. 2. Compute noncontrolling interest in net assets on December 31, 2023. 1. Noncontrolling interest in consolidated income \$ 2. Noncontrolling interest in net assets $