On January 1,2014 , Parent company acquired an 80 percent interest in Sub company for 425,000 . The acquisition-date fair value of the 20 percent noncontrolling interest's ownership shares was 102,500 . Also, as of that date, Sub company reported total stockholders' equity of 400,000: 100,000 in common stock and 300,000 in retained earnings. In setting the acquisition price, Parent appraised four accounts at values different from the balances reported within Sub's financial records. In total, the asset of Sub is undervalued by 112,500. As of December 31, 2018, the trial balance of these two companies are as following: Included in these figures is a 20,000 payable that Sub owes to the parent company. 7. Calculate the noncontrolling interest in Sub Company at the end of 2018. 7.1. Accrue 20% of Sub's net earnings 7.2. 20% of excess amortization expense =65000.2=1,300 7.3. 20% of dividends payout 7.4. NCI at end of 2018 8. Calculate the parent's equity income from Sub in 2018. 9. Calculate the net income attributable to NCI in 2018. On January 1,2014 , Parent company acquired an 80 percent interest in Sub company for 425,000 . The acquisition-date fair value of the 20 percent noncontrolling interest's ownership shares was 102,500 . Also, as of that date, Sub company reported total stockholders' equity of 400,000: 100,000 in common stock and 300,000 in retained earnings. In setting the acquisition price, Parent appraised four accounts at values different from the balances reported within Sub's financial records. In total, the asset of Sub is undervalued by 112,500. As of December 31, 2018, the trial balance of these two companies are as following: Included in these figures is a 20,000 payable that Sub owes to the parent company. 7. Calculate the noncontrolling interest in Sub Company at the end of 2018. 7.1. Accrue 20% of Sub's net earnings 7.2. 20% of excess amortization expense =65000.2=1,300 7.3. 20% of dividends payout 7.4. NCI at end of 2018 8. Calculate the parent's equity income from Sub in 2018. 9. Calculate the net income attributable to NCI in 2018