On January 1, 2017, Jannison Inc. acquired 90% of Techron Co. by paying $477,000 cash. There is no

active trading market for Techron stock.Techron Co. reported a Common Stock account balance of

$140,000 and Retained Earnings of $280,000 at that date.The fair value of Techron Co. was appraised

at $530,000.The total annual amortization was $11,000 as a result of this transaction.The subsidiary

earned $98,000 in 2017 and $126,000 in 2018 with dividend payments of $42,000 each year.Without

regard for this investment, Jannison had income of $308,000 in 2017 and $364,000 in 2018.

Show the proper presentation of consolidated net income and its allocation controlling and non-controlling

interest for 2017 and 2018.