On January 1, 2014, P Company purchased an 80% interest in s Company for $581,600, at which time s Company had retained earnings of $289,200 and common stock of $353,200. 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 $194,500 and $102,000, respectively. Calculate the controlling interest and noncontrolling interest in consolidated net income for the year ended December 31, 2014. $ Controlling Interest in Consolidated Net Income $ Noncontrolling Interest in Consolidated Net Income