P5-2 Computations (upstream sales) Pop Corporation acquired a 90 percent interest in Son Corporation at book value on January 1, 2016, Intercompany purchases and sales and inventory data for 2016, 2017, and 2018, are as follows: Intercompany Profit in Pop's Inventory at Sales by Son to Pop December 31 2016 $200.000 $15,000 2017 150,000 12,000 2018 300,000 24,000 Selected data from the financial statements of Pop and Son at and for the year ended December 31, 2018, are as follows: Pop Son Income Statement Sales $900,000 $600,000 Cost of sales 625.000 300,000 CS Scanned with CamScanner Pop Son 150,000 225,000 124,200 Expenses Income from Son Balance Sheet Inventory Retained eamings December 31, 2018 Capital stock $150,000 425,000 500,000 $ 80,000 220,000 300,000 REQUIRED: Prepare well-organized schedules showing computations for each of the following: 1. Consolidated cost of sales for 2018 2 Noncontrolling interest share for 2018 3. Consolidated net income for 2018 4 Noncontrolling interest at December 31, 2018