On January 1, 2020. The parent company acquired 80 percent of the outstanding voting stock of Subsidiary Company for $688,000. At the acquisition date, the fair value of the 20 percent noncontrolling interest was $172,000, and the fair value of Subsidiary's net Identifiable assets is $860.000. Parent uses the equity method to account for investment in Subsidiary. Since being acquired, Subsidiary has regularly supplied inventory to Parent at 25 percent more than cost (Hint pay attention fo the definition of GPR ifyou use if. Sales to Parent amounted to $380,000 in 2020 and $480,000 in 2021. Every year,30 percent of the intra-entity inventory is not sold to unaffiliated parties, but they will all be sold to unaffiliated parties in the next year. Subsidiary reports net income of $320,000 in 2021 Required: a. Calculate the Consolidated Net Income Attributable to NCl (noncontrolling interests) b. Prepare Parent's 2021 consolidation entries that eliminates the effect of the intra-entity inventory sales. Complete this question by entering your answers in the tabs below. What is the noncontrolling Interest's share of Boston's 2021 income