On January 1, 2019, Uncle Company purchased 80 percent of Nephew Company's capital stock for $576,000 in cash and other assets. Nephew had a book value of $678,000, and the 20 percent noncontrolling interest fair value was $144,000 on that date. On January 1 , 2021 , Nephew had acquired 30 percent of Uncle for $288,250. Uncle's appropriately adjusted book value as of that date was $927,500. Separate operating income figures (not including investment income) for these two companies follow. In addition, Uncle declares and pays $20,000 in dividends to shareholders each year and Nephew distributes $5,000 annually. Any excess fair-value allocations are amortized over a 10-year period. a. Assume that Uncle applies the equity method to account for this investment in Nephew. What is the subsidiary's income recognized by Uncle in 2021 ? b. What is the net income attributable to the noncontrolling interest for 2021