On January 1, 2020, French Company acquired 60 percent of K-Tech Company for $306,000 when K-Techs book value was $406,000. The fair value of the newly comprised 40 percent noncontrolling interest was assessed at $204,000. At the acquisition date, K-Tech's trademark (10-year remaining life) was undervalued in its financial records by $80,000. Also, patented technology (5-year remaining life) was undervalued by $24,000. In 2020, K-Tech reports $24,000 net income and declares no dividends. At the end of 2021, the two companies report the following figures (stockholders equity accounts have been omitted): French Company Carrying Amounts K-Tech Company Carrying Amounts K-Tech Company Fair Values Current assets $ 622,000 $ 302,000 $ 322,000 Trademarks 262,000 202,000 282,000 Patented technology 412,000 152,000 176,000 Liabilities (392,000 ) (122,000 ) (122,000 ) Revenues (902,000 ) (402,000 ) Expenses 498,000 302,000 Investment income Not given Note: Parentheses indicate a credit balance. In 2021, assuming K-Tech has declared no dividends, what are the noncontrolling interests share of the subsidiarys income and the ending balance of the noncontrolling interest in the subsidiary?