Pampas Inc. owns 19,000 shares of Sierra Company (which is 95% of its outstanding common shares) and accounts for its investment using the equity method. On December 31, 2015, Sierra Company's shareholders' equity consisted of common shares of $200,000 and retained earnings of $340,000. On that date the balance in Pampas' investment in Sierra Company account was $640,000. The acquisition differential at that date was allocated 50% to land, 25% to some equipment with a remaining useful life of five years and 25% to goodwill. During 2016, Sierra Company reported a net income of $300,000 and declared and paid dividends of $140,000. On January 1, 2016, Pampas sold 3,800 of its shares in Sierra Company for proceeds of $133,000. Pampas values the noncontrolling interest in its subsidiary at its fair value, proportionate to the price paid for its controlling interest. Required: a) Calculate the noncontrolling interest in Sierra Company that would be included in Pampas Inc.'s consolidated balance sheet at December 31, 2016. b) Calculate the noncontrolling interest in the consolidated net income of Pampas and its subsidiary for the year ended December 31, 2016.