• Parent Company owns 75% of the common shares of Subsidiary Company.
• In 2005, Parent sold inventory items costing $100,000 to Subsidiary for $120,000 of which 25% was sold by the subsidiary to third parties in the same year. The remainder was sold to third parties in 2006.
• In 2006, the subsidiary sold inventory items costing $50,000 to parent for $70,000. The parent sold half of it to third parties in 2006 and the remainder in 2007.
• No intercompany sales took place in 2007.
• Income of each company from its own separate operations was reported as follows:

Year	Parent	Subsidiary
2005	$650,000	$240,000
2006	$680,000	$300,000
2007	$720,000	$320,000

NCI share in consolidated income for 2005 is: