Johannes Inc. acquired 80 percent of Corner Brook Ltd. common shares on January 1, Year 4, for $788,000. At that date, the fair value of the non-controlling interest was $197,000. Corner Brook's balance sheet contained the following amounts at the time of the combination: Cash $ 77,000 Accounts Payable $ 117,000 Accounts Receivable 151,000 Bonds Payable 599,000 Inventory 51,000 Common Shares ($10 par value) 400,000 Construction Work in Progress 961,000 Retained Earnings 585,000 Other Assets (net) 461,000 Total Assets $ 1,701,000 Total Liabilities

During each of the next three years, Corner Brook reported net income of $142,000 and paid dividends of $82,000. On January 1, Year 6, Johannes sold 8,800 of the Corner Brook shares for $282,000 in cash. Johannes used the equity method in accounting for its ownership of Corner Brook.

Required: (a) Compute the balance in the investment account reported by Johannes on January 1, Year 6, before its sale of shares. (Omit $ sign in your response.)

Balance prior to sale of shares $

(b) Prepare the entry recorded by Johannes when it sold the Corner Brook shares.

(c) Calculate consolidated net income attributable to the noncontrolling interest for Year 6 and noncontrolling interest at the end of Year 6. (Omit $ sign in your response.)

Consolidated net income attributable to NCI	$
Non-controlling interest	$