Newman Company purchased 95% of the common stock of Frank Company on May 1, 2018, for a cash payment of $515,000. December 31, 2018, trial balances for Newman and Frank were:

BALANCE SHEET	Newman		Frank
	December 31, 2018		December 31, 2018
Current Assets	352,600		179,200
Investment in Frank	549,845
Property and Equipment	1,334,000		562,000
Total Assets	2,236,445		741,200
Account and Notes Payable	270,240		124,000
Dividend Payable			60,000
Common Stock ($ 10 par)	1,000,000		200,000
Other Contributed Capital	364,000		90,000
Treasury Stock at Cost, 500 shares			(32,000)
R/E January 1, 2018	315,360		209,200
Net Income	286,845		150,000
Dividend Declared	0		(60,000)
Total Liabilities + Equity	2,236,445		741,200

INCOME STATEMENT	Newman		Frank
	2018		2018
Sales	1,940,000		976,000
Cost of Goods Sold	(1,261,000)		(584,000)
Other Expenses	(484,000)		(242,000)
Equity in Subsidiary Income	91,845
Net Income	286,845		150,000

Frank Company declared a $60,000 cash dividend on December 20, 2018, payable on January 10, 2019, to stockholders of record on December 31, 2018. Newman Company recognized the dividend on its declaration date. Any difference between book value and the value implied by the purchase price relates to subsidiary equipment with 5-year remaining life, included in property and equipment.

Revenues and expenses are distributed evenly through the year.

Required:

1. Calculate the balance of NCI at December 31, 2018. Provide detailed calculations.
2. Complete a consolidated worksheet for Newman Company and its subsidiary Frank Company as of December 31, 2018. Prepare supporting amortization schedules.