On January 3 2020 Jennings Company acquired 85 percent of Kershaw corporations common stock for $382,500 in cash. At the acquisition date, the book values and fair value of Kershaw's assets and liabilities were equal, and the fair value of the noncontrolling interest was equal to 15 percent of the total b ook value of Kershaw The stock holders equity accounts of the two companies at the acquisition date are Jennings Kershaw $500,000 $20000 320,000 100,000 Common stock ($5 par value) Additional Paid in Capital Retained earnings Total Stockholders Equity 400,000 150,000 $1,220,000 $450,000 NCI in Kershaw's income was $13,000 on Jennings consolidated income statement for 2020. Jenning's net income from its own operations (excluding investment income) is $750,000 for the year 2020. D) Focu Jennings Kershaw $20000 Common stock ($5 par value) Additional Paid in Capital Retained earnings Total Stockholders Equity $500,000 320,000 100,000 400,000 150,000 $1,220,000 $450,000 NCI in Kershaw's income was $13,000 on Jennings consolidated income statement for 2020. Jenning's net income from its own operations (excluding investment income) is $750,000 for the year 2020. Kershaw's declared $18,000 in cash dividends. Required: a. What amount will be reported as Consolidated Net income on the consolidated income statement for the year-end 2020? Round your answer to the nearest dollar. b. What amount will be reported as Controlling interest in consolidated income on year-end 2020? Round your answer to the nearest dollar. c. What is the December 31, 2020 Balance in retained earnings on the books of Kershaw? Round your answers to the nearest dollar