Parent Company owns 55% of Subsidiary company. The 2019 Income Statements of both companies are as following below. Fiscal Year in both companies end same on December 31. Both companies have a tax rate of 35%.

	Parent	Sub
Gross Profit	80,000	60,000
Miscellaneous Expenses	20,000	20,000
Depreciation Expense	30,000	15,000
Income Tax Expense	10,500	8,750
NET INCOME	$ 19,500	$16,250

On July 01, 2019 Subsidiary sold equipment to Parent at a profit of $9,000 (before tax). The equipment had a remaining useful life of 25 years on that date. At the end of 2019, Subsidiary declared and paid $3,000 dividend.

ASKING:

1. Calculation of 2019 Consolidated Net Income as at December 31, including the share attributable to the N.C.I. (Non-Controlling Interest).
2. Calculation of the amount of Income Tax Expense as at December 31 papering on the 2019 Consolidated Income Statement.