On January 1, 2021, Tanner Corp. sold equipment to Kate Inc. (a wholly-owned subsidiary) for $192,000 in cash. The equipment originally cost $135,000 but had a book value of only $112,000 when transferred. On that date, the equipment had an 8-year remaining life. Depreciation expense was calculated using the straight-line method.

Tanner earned $353,000 in net income in 2021 (not including any investment income) while Kate reported $182,000. Assume there is no amortization related to the original investment.

Prepare a schedule of consolidated net income and the share to controlling and noncontrolling interests for 2021, assuming that Tune owned only 85% of Kate and the equipment transfer had been downstream.