Jimmy Inc. acquired 68% of Choo Corp for $510,000 on December 31, 2019 when Choo's book value was $685,000. The Choo stock was not actively traded. On the date of acquisition, Choo had a building (with a 13-year life) that was undervalued in the financial records by $65,000. One year later, the following selected figures were reported by the two companies. Additionally, no dividends have been paid. Jimmy Inc. Choo Corp Book value Book value Fair value Current assets 1,138,000 495,000 495,000 Equipment (net) 326,000 215,000 215,000 Buildings (net) 496,000 165,000 210,000 Liabilities (488,000) (132,000) (132,000) Revenues (2,235,000) (845,000) Expenses 1,265,000 577,500 Investment income Not given a. What is the non-controlling interest's share in Choo's net income for the year 2020? b. What is the ending balance of the non-controlling interest in Choo at December 31, 2020? 2