M Co reports the footnote below in its annual report (dollars in millions)

Years ended Dec. 31, 2020 2019 2018

Noncontrolling Interest Balance at beginning of year $49,400 $44,690 $39,850

Net income attributable to noncontrolling interest 8,180 7,450 6,210

Other comprehensive income (loss) 940 (530) 820

Total comprehensive income 9,120 6,920 7,030

Distributions and other (2,460) (2,210) (2,190)

Balance at end of year $56,060 $49,400 $44,690

Required:

a. Describe where the noncontrolling ending balance, 2020, should be reported in the financial statement(s)

b. Prepare the journal entry to recognize the 2020 Net Income attributable to noncontrolling interest.

c. Is the journal entry in b recorded in the books of the parent or subsidiary? How is this amount determined?