On January 1, 2014, Pearce Company purchased an 80% interest in the capital stock of Searl Company for $2,591,840. At that time, Searl Company had capital stock of $1,639,700 and retained earnings of $322,600. The difference between book of value Searl equity and the value implied by the purchase price was attributed to specific assets of Searl Company as follows:

346,900		to equipment of Searl Company with a five-year remaining life.
182,900		to land held by Searl Company.
116,700		to inventory of Searl Company. Searl uses the FIFO assumption in pricing its inventory, and
631,000		that could not be assigned to specific assets or liabilities of Searl Company.
$1,277,500		Total

At year-end 2014 and 2015, Searl had in its inventory merchandise that it had purchased from Pearce at a 25% markup on cost during each year in the following amounts:

2014		$98,500
2015		$111,500

During 2014, Pearce reported net income from independent operations (including sales to affiliates) of $1,535,100, while Searle reported net income of $585,400. In 2015, Pearces net income from independent operations (including sales to affiliates) was $1,800,300 and Searls was $704,200. Calculate the controlling interest in consolidated net income for 2014 and 2015.