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On January 1, 2021, Sub Company, an 80% owned subsidiary of Parent Company, sold to Parent Company equipment with a book value of 581000 for

On January 1, 2021, Sub Company, an 80% owned subsidiary of Parent Company, sold to Parent Company equipment with a book value of 581000 for 714000. The equipment had an estimated remaining useful life of six years on the date of the intercompany sale. Parent Company reported net income from its independent operations of 501000, and Sub Company reported net income of 445000 in the years of 2021 and 2022. The controlling interest in combined net income for the years ended December 31, 2021 was ___________ and on December 31, 2022 was __________

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