Noway Manufacturing owns 75% of Positive Piston Corp\'s stock. During 20X9, Noway and Positive Piston reported sales of 400,000 and 200,000 and expenses of 280,000 and 160,000, respectively.  Compute the amount of total revenue, total expense, and net income to be reported in the 20X9 consolidated income statement under the following alternative approaches:

Proprietary Theory

Parent Company Theory

Entity Theory

Current Accounting Practice