On January 1, 2020, Doone Corporation acquired 80 percent of the outstanding voting stock of Rockne Company for $496,000 consideration. At the acquisition date, the fair value of the 20 percent noncontrolling interest was $124,000, and Rocknes assets and liabilities had a collective net fair value of $620.000. Doone uses the equity method in its internal records to account for it: investment in Rockne Rockne reports net income of $200,000 in 2021 . Since being acquited, Rockne has regularly supplied inventory to Doone at 25 percent more than cost. Sales to Doone amounted to $260,000 in 2020 and $360,000 in 2021 Approximately 30 percent of the inventory purchased during any one year is not used until the following yeat. a. What is the noncontrolling interest's share of Rockne's 2021 income? b. Prepare Doone's 2021 consolidation entries required by the intra-entity inventory transfers. Complete this question by entering your answers in the tabs below. What is the noncontrolling interest's share of Rockne's 2021 income? Complete this question by entering your answers in the tabs below. Prepare Doone's 2021 consolidation entries required by the intra-entity inventory transfers. (If no entry is requir transaction/event, select "No journal entry required" in the first account fiald.) Consolidation Worksheet Entries Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Prepare Doone's 2021 consolidation entries required by the intra-entity inventory transfers. (If no transaction/event, select "No journal entry required" in the first account field.) Consolidation Worksheet Entries Note: Enter debits before credits. Consolidation Worksheet Entries