In preparing its consolidated financial statements at December 31, 20X7, the following consolidation entries were included in the consolidation worksheet of Powder Corporation Consolidation Worksheet Entries Debit Credit Buildings Gain on Sale of Building i Accumulated Depreciation. 245,000 49,000 294,000 Debit Credit Consolidation Worksheet Entries Accumulated Depreciation 3,500 Depreciation Expense 3,500 Powder owns 60 percent of Snow Corporation's voting common stock. On January 1, 20X7, Snow sold Powder a building it had purchased for $1,040,000 on January 1, 20X1, and depreciated on a 20-year straight-line basis. Powder recorded depreciation for 20X7 using straight-line depreciation and the same useful life and residual value as Snow. e. What amount of depreciation expense did Powder record in 20X7? Depreciation expense t. If Snow reported net income of $80,000 for 20X7, what amount of income will be assigned to the noncontrolling interest in the consolidated income statement for 20X7? income assigned to noncontrolling interest g. If Snow reported net income of $59,000 for 20X8, what amount of income will be assigned to the noncontrolling interest in the consolidated income statement for 20x8? . Income assigned to noncontrolling Interest