P Company owns 80% of the outstanding stock of 5 Company. During 2014, S Company reported net Income of $499,720 and declared no dividends. At the end of the year, S Company's inventory Included $472,610 In unrealized profit on purchases from P Company. Intercompany sales for 2014 totaled $2,752,900. Calculate the amount of the noncontrolling Interest to be deducted from consolidated Income in arriving at 2014 controlling interest in consolidated net income. Noncontrolling Interest in Net Income