I need help with the calculations of b & c: Plug Products owns $80$ percent of the stock of Spark Filter Company, which it acquired at underlying book value on August $30,206.$ b$.$ Compute consolidated net income and income assigned to the controlling interest in the $20$X$8$ consolidated income statement.

c$.$ Compute the balance assigned to the noncontrolling interest in the consolidated balance sheet as of December $31,208.$

At that date, the fair value of the noncontrolling interest was equal to $20$ percent of the book value of Spark Filter. Summarized trial

balance data for the two companies as of December $31,20$X$8,$ are as follows:

On January $1,20$X$8,$ Plug's inventory contained filters purchased for $$77,000$ from Spark Filter, which had produced the filters for

$$57,000.$ In $208,$ Spark Filter spent $$117,000$ to produce additional filters, which it sold to Plug for $$158,053.$ By December $31,20$X$8,$

Plug had sold all filters that had been on hand January $1,20$X$8,$ but continued to hold in inventory $$47,416$ of the $208$ purchase from

Spark Filter.