Noncontrolling Interest, upstream deferred intercompany inventory profits and Acquisition Accounting Premium Assume that a parent company acquired 80% of the outstanding voting common stock of a subsidury on January 1, 2018. On the acquisition date, the identifiable net assets of the subsidiary had fair values that approximated their recorded book values except for a patent, which had a fair value of $200,000 and no recorded book value. On the date of acquisition, the patent had five years of remaining useful life and the parent company amortizes its intangible assets using straight line amortization. During the year ended December 31, 2019, the subsidiary recorded sales to the parent in the amount of $240.000. On these sales, the subsidiary recorded pre-consolidation gross profits equal to 25%. Approximately 30% of this merchandise remains in the parent's inventory at December 31, 2019. The following summarized pre-consolidation financial statements are for the parent and the subsidiary for the year ended December 31, 2019: inwestor investee Income statement $4,800,000 $800.000 209,600 Support 51.800.000 $320000 Retained earnings statement $1 ROCO 16000 1 . 320000 12 000 000 3310600 120.000 Dinds declared TOYdernes Balance sheet Cum 51.000.000 200.000 8 000 000 000 510.065.000 500.000 Total assets Commons APC 1600.000 160,000 Retained earnings 3116100 0000 Totallbetes & stod holders equity 510.065.000 5800.000 Based on this information determine the balance for Consolidated net income attributable to noncontrolling interest: 564000 $60 400 $4.000 $52.400