Parent Purchases Subsidiary Bonds Issued on Par Lana DD was the parent company of Noa DD acquired in 2011. Lana DD owned 90 percent of Noa DD's interest. On January 1, 2013, Noa DD issued $800,000 par of 5 percent 5-year bonds at par to the public. On January 1, 2014, Lana DD purchased 20 percent of Noa DD's outstanding bonds for $185,000. At the end of 2014, Noa DD reported net income of $400,000.

REQUIRED:

1. Calculate income from Noa DD for 2014.

2. Calculate noncontrolling interest share for 2014.