On January $1,2014,$ P Company purchased an $80\%$ interest in S Company for $$608,000,$ at which

time S Company had retained earnings of $$300,100$ and common stock of $$334,500.$ Any

difference between book value and the value implied by the purchase price was entirely

attributable to a patent with a remaining useful life of $10$ years.

Assume that $P$ and $S$ Companies reported net incomes from their independent operations of

$$205,600$ and $$99,200,$ respectively.

Calculate the controlling interest and noncontrolling interest in consolidated net income for the

year ended December $31,2014.$