On January 1, 2011, Matin Inc. (a wholly-owned subsidiary) bought equipment from Musial (parent) Corp. for $168,000 in cash. The equipment originally cost $140,000 but had a book value of only $98,000 when transferred. On that date, the equipment had a five-year remaining life. Depreciation expense was calculated using the straight-line method. Musial earned $308,000 in net income in 2011 (including investment income) while Matin reported $126,000. Assume there is no amortization related to the original investment. Musial Corp bought inventory constantly from Matin Inc. Three years intra-entity inventory transfer figures are shown in the following table. Assume that gross profit percentage is 20%. 2010 2011 2012 Purchase by Musial 80,000 120,000 150,000 Ending inventory on Musial's book 12,000 40,000 30,000 Prepare a schedule of consolidated net income and the share to controlling and non- controlling interests for 2011, assuming that Musial owned only 90% of Matin