On May 1, 2015, Peters Company purchased 80% of the common stock of Smith Company for $53,600. Additional data concerning these two companies for the years 2015 and 2016 are:

		2015				2016
		Peters		Smith		Peters		Smith
Common stock		$103,500		$26,700		$103,500		$26,700
Other contributed capital		43,600		10,700		43,600		10,700
Retained earnings, 1/1		74,200		10,200		119,000		55,800
Net income (loss)		58,500		47,400		34,400		(5,100	)
Cash dividends (11/30)		13,700		1,800		5,300		0

Any difference between book value and the value implied by the purchase price relates to Smith Companys land. Peters Company uses the cost method to record its investment.

Calculate controlling interest in consolidated net income and consolidated retained earnings for 2015 and 2016.

		2015		2016
Controlling interest in consolidated net income		$		$
Consolidated Retained Earnings		$		$