Parent acquires 60% of Subsidiary Corp for $500,000 on January 1, 2012. The remaining 40% is valued at $250,000. The consolidation date is 12/31/15. On the acquisition date Subsidiary had the following assets and liabilities:

		BOOK		FAIR VALUE
Cash		150,000		150,000
Accounts Receivable		200,000		200,000
Buildings - 6 year life		300,000		360,000
Equipment - 4 year life		300,000		280,000
Customer List - 10 year life				100,000
Liabilities		(400,000)		(400,000)
Retained Earnings		153,334

On 12/31/15 the following is available

	Parent	Subsidiary
Current Assets	244,000	100,000
Investment in Subsidiary	500,000
Buildings (net)	700,000	200,000
Equipment (net)	400,000	500,000
Land	220,000	200,000
Total	2,064,000	1,000,000
Liabilities	(500,000)	(200,000)
Common Stock	(724,000)	(480,000)
Retained Earnings 12/31	(840,000)	(320,000)
Total	(2,064,000)	(1,000,000)
Revenue	(600,000)	(300,000)
Operating expenses	410,000	210,000
Dividend Income	(42,000)
Net Income separate company	(232,000)	(90,000)
Retained Earnings 1/1	(700,000)	(300,000)
Net Income	(232,000)	(90,000)
Dividends	92,000	70,000
Retained Earnings 12/31	(840,000)	(320,000)

1.What is the amount of Net Income of the controlling interest? =

2.What is the Non-controlling interest that will appear on the Balance Sheet? Hint; the total of the Non-controlling interest column.

3.What is the Non-controlling interest that will appear on the Balance Sheet? Hint; the total of the Non-controlling interest column.

4.What is the amount for consolidated equipment ? =