1. P bought 90% of S on Day 1, Year 1, for 9 million. The fair value of the NCI on that date was $910,000. Amortization related to certain of Ss assets, where the fair value at the acquisition date was higher than the book value, was $60,000. S reported net income (ignoring this amortization) of $300,000, and paid a total of $100,000 of dividends during the year. What should be recorded as the noncontrolling interest in income in consolidation?
   1. $14,000
   2. $20,000
   3. 24,000
   4. 30,000
   5. 34,000
2. Use the same facts as in the prior question. P bought 90% of S on Day 1, Year 1, for 9 million. The fair value of the NCI on that date was $910,000. Amortization related to certain of Ss assets, where the fair value at the acquisition date was higher than the book value, was $60,000. S reported net income (ignoring this amortization) of $300,000, and paid a total of $100,000 of dividends during the year. What should be the noncontrolling interest shown on the consolidated balance sheet?
   1. $900,000
   2. $910,000
   3. $914,000
   4. $920,000
   5. $930,000