P corporation acquired an 80% interest in S on December 31 2008, for 280,000 at which time s's net assets had book value of $250000. The fair value/book value differenti

. ' fOr $280 fferential '000 at W . W to geodwm as attnbuted 50% to a patent Which time S's net 09, 50% of this inventory N' Lil: " my to S that cost $70,000. At the end of 2010, ' 2 * f 133 ( at nv:::;r$1t2,000 At the end of 2009 40% of thxs mventory Af; y 0 P that cost $20 000 At the end of 2010 20% of at MY (1 Reggired: a) Compute P'S income from S for 2010. b) Compute P's net income for 2010. 6) Compute P'S investment balance at 12/31/2010 (1) Compute the Non-controlling Interest in the net income of S for 2010. 6) Compute the non-controlling Interest in the net assets of S at 12/31/2010