On January 1, 2015, Parula Corporation owned 90% of the 14,400 outstanding shares of Sope Inc. Parula accounts for its investment using the equity method. On January 1, 2015, Sope had shareholders' equity of $304,000, of which $56,000 was common shares and $248,000 was retained earnings. The balance in the investment in Sope account equipment with a remaining useful life of 10 years on January 1, 2015. During 2015, Sope reported a net income of $96,000, earned evenly over the year and paid dividends of $48,000at mid-year. On April 1, 2015, Sope issued 3,600 new shares at a price of $35 per share. Parula did not acquire any of these shares. In 2015, Parula earned a net income of $240,000 from its own activities. 

Required: 1. What consolidated net income should Parula report for 2015? 

2. What is the parent's share of Parula's consolidated net income for 2015? 

3. What amount should be shown as a non-controlling interest on Parula's consolidated balance sheet as of December 31, 2015?